PITTSBURGH--(BUSINESS WIRE)--After nearly three months of negotiations, ATI Flat Rolled Products today presented the USW (United Steelworkers) a “Last, Best and Final” contract proposal for more than 2,000 workers at various facilities. The proposal includes $4,500 in lump sum payments, with affordable and competitive solutions to family healthcare and other benefits.
“From the opening day of negotiations, our goal has been to reach a labor agreement that improves our opportunities for long-term success, while providing for our employees and their families,” said Bob Wetherbee, ATI Executive Vice President of Flat Rolled Products. “Our ‘Last, Best and Final’ proposal achieves that goal. It will enable us to manage rising costs against lower prices for our products, while at the same time continue to provide great jobs to current and future employees.”
Today, ATI Flat Rolled Products USW-represented employees earn an average of $94,000 annually, making them among the highest paid in the industry. Yet, ATI is still offering $4,500 in lump sum payments and healthcare coverage with an employee contribution that is about half what the average American worker pays. According to national studies, the average American family pays $402 in monthly premiums for healthcare insurance. ATI’s proposal for current employees is family coverage starting at $125 per month in the first year of the agreement, increasing annually to $215 per month by the fourth year of the contract. There are no proposed changes to dental and vision benefits. The final offer also includes simplified incentive programs which maintain earnings potential, and updates to subcontracting rules to protect core job functions.
ATI’s final offer also includes continued retiree healthcare benefits with increased funding security for current employees and their families. There is no change to the pension plan for active or retired employees hired prior to the June 30th contract expiration date.
“Throughout the negotiations, we’ve been straightforward with the union. The competitive landscape in the United States and globally has changed and will continue to change. If ATI is to remain competitive and continue to offer great jobs, we too must make changes,” Wetherbee said. “Our final proposal is a fair and competitive solution. It will allow us to address serious business issues, while still providing opportunities for a secure future for our employees, their families, our communities and our company. We urge the USW bargaining committee to accept our final offer and to present it to the bargaining unit members for a ratification vote.”
The contract expired June 30, 2015. Represented employees are currently working under the terms of the expired contract.