Downers Grove, IL (PRWEB) June 02, 2011
Global pipe producer TMK IPSCO and members of the United Steelworkers (USW) Local 9368 at the company’s Catoosa, Oklahoma plant have reached reached agreement on a new five-year labor contract. The new contract replaces one that expired May 3, 2011 and will remain in effect through May 3, 2016. The contract covers approximately 160 production and maintenance employees.
The terms of the new agreement include increases in base wages each year of the contract, a higher company 401(k) match, and improvements to healthcare benefits and costs.
“We appreciate the union’s commitment to the Catoosa plant’s long-term success,” said John DeSanzo, plant manager of the Oklahoma facility. “TMK IPSCO’s commitment to quality and innovation is shared by all of our employees. This five-year contract allows all of us to maintain the focus on continuous improvement and meeting our customers’ needs.”
TMK IPSCO operates in North America as a division of TMK, a global market leader in energy pipe production. TMK operates 24 production facilities around the world. TMK product offerings include a wide range of seamless and welded energy tubular products including oil & gas drill pipe, well casing and tubing, line pipe, LD pipe, standard pipe, hollow structural sections and related services. TMK also manufactures premium connections for oil and natural gas drilling and production under the ULTRA™ Premium Connections and TMK Premium brand names.
TMK IPSCO Manufacturing Plants:
For further information about TMK IPSCO, including ULTRA Premium Connections, please visit http://www.tmk-ipsco.com or contact pr(at)tmk-ipsco(dot)com.