(Updates with United Steelworkers comment in the third paragraph and stock price movement in the last paragraph.)
ATI (ATI) said Wednesday that its workers represented by the United Steelworkers union approved a six-year labor contract covering about 1,000 employees at facilities in Western Pennsylvania and Lockport, New York.
The company said the agreement runs through Feb. 28, 2031, and includes updated wages and benefits.
A United Steelworkers spokesperson told MT Newswires via email that membership at ATI has ratified the contract.
Shares of ATI were up 11.1% in recent trading.
Price: 50.68, Change: +5.07, Percent Change: +11.11
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