Tentative Deal Reached
ST. MARYS — Officials with the United Steelworkers Union and Veyance Technologies reached a tentative agreement on a four-year deal after three months of negotiations.
In a news release, the USW announced the tentative agreement would cover 1,000 Veyance Technologies employees in St. Marys, Lincoln, Neb., Sun Prairie, Wis., and Marysville. The pact would run through July 2016.
“Over the next two weeks, we will be holding meetings and going over the deal,” USW spokesperson R.J. Hufnagel told The Evening Leader. “Then we will be holding a ratification vote.”
The ratification vote is expected to be finished by Aug. 12. Results of the vote will be announced on Aug. 13.
“Both sides worked very hard to reach a fair agreement,” said USW International Vice President Tom Conway, who oversaw the talks for the union, in the news release. “We are pleased to have a settlement that ensures economic stability for both our members and for the company.”
Hufnagel declined to comment on specifics in the contract until it is voted on by union members. St. Marys Veyance Plant Manager Steve Widner also declined comment until the contract has been voted on by union members.