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Special Metals, steelworkers hope to avoid strike

Aug. 04, 2012 @ 12:09 AM

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.
 

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