Gerdau Ameristeel Corp. announced that it has reached agreement on a four-year contract with members of the United Steelworkers Local at its Cambridge, ON, steel mill.
The contract extends through May 15, 2009, and covers about 190 employees at the Cambridge facility.
"We are very pleased that this long-term agreement benefits employees and the company. It is a demonstration of Gerdau Ameristeel’s commitment to employee engagement," said vice president of human resources, Jim Rogers. "The agreement will enable us to implement a planned $20 million in new capital investments at the mill over the next three years and involve our Cambridge team in improvement projects. The stability the four-year contract provides will also allow the company to be flexible and responsive to market and customer demands."
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