Keystone Consolidated Industries, Inc. and the Independent Steel Workers Alliance jointly announced that the revisions to the existing collective bargaining agreement at Keystone's Bartonville, Ind., plant previously ratified by the ISWA, were approved by the Bankruptcy Court in Milwaukee.
The revised agreement provides for certain concessions related primarily to healthcare coverage as well as new rights for ISWA members. Details of the contract revisions are included in a motion that was jointly filed by Keystone and the ISWA in Bankruptcy Court. The Court approval allows the company to implement the contract revisions.