| Picketers Protest Layoffs While AK Steel Show Prof |
| Thursday, October 28, 2004 8:56:56 AM - Middletown Ohio |
October 26, 2004
The largest union at AK Steel in Middletown posted an informational picket line Monday. More than 100 workers are laid off while the company is showing a profit and the picketers want to know why.
AK Steel reported its third-quarter earnings, exceending second-quarter earnings of $92 million.
Union president Ed Shelley said the company wanted to cut labor costs through attrition, but about 110 people are sitting at home.
AK Steel President and CEO James Wainscott said AK's labor costs remain higher than competitors. |
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