Gerdau Ameristeel settles with Ontario steelworkers

Tampa, FL— Gerdau Ameristeel Corporation has reached agreement on a four-year contract with the United Steelworkers Local 8918 members at its steel mill in Cambridge, Ontario May 19, 2005.

The new contract extends through May 15, 2009, and covers approximately 190 employees at the Cambridge facility. Union employees ratified the agreement May 18, 2005.

“We are very pleased that this long-term agreement benefits employees and the company. It is a demonstration of Gerdau Ameristeel’s commitment to employee engagement,” said vice president of human resources, Jim Rogers. “The agreement will enable us to implement a planned $20 million in new capital investments at the mill over the next three years and involve our Cambridge team in improvement projects. The stability the four-year contract provides will also allow the company to be flexible and responsive to market and customer demands.”