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TMK IPSCO ratifies labor contract

July 2012 - TMK IPSCO, Downers Grove, Ill., and members of the United Steelworkers Local 1870 at the company’s Wilder, Ky., plant agreed on a five-year labor contract. The terms include base wage increases each year, a higher company 401(k) match and improvements to healthcare benefits and costs. The contract will be effective through April 15, 2017. Additionally, TMK IPSCO has made operational upgrades to its Wilder plant to better serve its oil and gas customers.

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BROOD OVER CRUDE

A sharp drop in oil pricing has a ripple effect but how far it spreads depends on timing and fortitude.

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