Stelco Inc said contract negotiations with United Steelworkers of America concluded in a memorandum of settlement for a new three-year collective agreement covering about 12000 workers at 15 of Stelcos plants. Further terms of the new agreement were not immediately disclosed. The company said early negotiations began March 2 1987 in order to reach a new contract well before the July 31 1987 expiry of the existing contract. It said the new contract was endorsed by negotiating committees of all union locals representing Stelco workers.
STELCO <STEA.TO>, USWA REACH CONTRACT SETTLEMENT