Union Steelworkers at Alton Steel have a new contract. The new deal is for two years and was worked out months before the old contract was set to expire. The new agreement covers Steelworkers Local 3643 and increases hourly wages by three percent in each of the two years, provides full health insurance coverage with no employee contribution, and increases contributions to the pension trust in each of the two years.
Union President Terry Wooden called the agreement a good deal for workers, with the average hourly wage at $17.82 with incentives once an employee has been on the job for 30 days to potentially increase that wage by up to 22-percent. Alton Steel President Charlie Linnemeyer says the deal allows them to lock in labor costs for the next two years which helps them remain competitive in the marketplace. Alton Steel is located at the site of the former Laclede Steel, which closed in 2001. Alton Steel opened in 2003 with just 30 employees, but has grown to more than 300 workers and produces a variety of steel bars for its customers.