Special Metals, steelworkers hope to avoid strike
HUNTINGTON — Parties representing United Steelworkers Local 40 and Special Metals pushed through negotiations Friday in hopes of preventing a strike planned by union workers.
At press time Friday evening, negotiations were still ongoing, and a failure to approve a new contract by midnight might end up in a worker strike.
The near deadlock on negotiations revolved around insurance issues and Special Metals’ capability of contracting out work.
Special Metals Corporation is owned by Precision Castparts Corp., a worldwide manufacturer of complex metal components and products.
Earlier this month, Precision Castparts reported a 19 percent increase in first-quarter net income, but warned of “major headwinds” including an unplanned shutdown of its 29,000-ton forging press in Houston.
Calls to representatives of both USWA Local 40 and Special Metals were not returned Friday.