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Essar Steel Algoma statement on tentative deal

NEWS RELEASE ESSAR STEEL ALGOMA INC. ************************* Tentative agreement unanimously recommended by USW 2251 bargaining committee SAULT STE. MARIE – ESSAR Steel Algoma Inc.
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NEWS RELEASE

ESSAR STEEL ALGOMA INC.

************************* Tentative agreement unanimously recommended by USW 2251 bargaining committee

SAULT STE. MARIE – ESSAR Steel Algoma Inc. today announced that a tentative agreement has been reached with USW Local 2251, the union representing the company’s hourly workers in Sault Ste Marie.

This tentative agreement has been unanimously recommended by the USW Local 2251 bargaining committee.

This non-concessionary tentative agreement provides for responsible monetary improvements recognizing the important role our employees play balanced with the realities of the steel market.

Negotiations continue with USW Local 2724, the union representing the front-line management/ supervisors, technical and professional staff, with a contract deadline of July 31, 2010.

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