1999 SETTLEMENT AGREEMENT
Between
UNITED STEELWORKERS OF AMERICA, AFL-CIO
On behalf of its Local 2354
And
BarTech, RESI, and RTI
WHEREAS, on August 2, 1998, Bar Technologies Inc. ("BarTech") and RES
Acquisition Corporation entered into the 1998 Settlement Agreement, which
included the Master Labor Agreement (the "Master Agreement") and the
plant-specific agreements, setting forth the obligations of BarTech and
Republic Engineered Steels, Inc. ("RESI") at all of their USWA-represented
facilities (such agreements, collectively with the benefit agreements entered
into in connection therewith, the "1998 BLA"); and
WHEREAS, Republic Technologies International, LLC ("RTI") wishes to
adopt the 1998 BLA for all USWA-represented facilities other than those of
Canadian Drawn Steel Company, which will be covered by a separate collective
bargaining agreement; and
WHEREAS, pursuant to a Master Restructuring Agreement (the "MRA"),
affiliates of Blackstone Management Partners L.P. ("Blackstone"), USX
Corporation ("USX") and Kobe Steel, Ltd. ("Kobe") propose to combine the bar
steel businesses of BarTech, RESI and USS/Kobe Steel Company (other than its
tubular steel business to be separately held) ("USS/Kobe") into RTI, a
newly-formed entity to be controlled by BarTech, in a transaction expected to
be consummated in the third calendar quarter of 1999 (the "Transaction"); and
WHEREAS, in the event that the Transaction is completed, the combined
RTI entity would own the following plants represented by the United
Steelworkers of America (the "USWA" or "Union"): from BarTech, the plants in
Johnstown, Pennsylvania, and Lackawanna, New York; from BarTech's subsidiaries
Bliss & Xxxxxxxx Steel Company and Canadian Drawn Steel Company, the plants in
Harvey, Illinois, and Xxxxxxxx, Xxxxxxx (Xxxxxx) respectively; from RESI,
Massillon Cold Finish, Massillon Hot Roll, Special Metals (Massillon), all in
Massillon, Ohio, and Canton Eighth Street in Canton, Ohio, the plant in
Chicago, Illinois, the cold-
Settlement Agreement USWA Local 2354 July 7, 1999 1
finished plants in Beaver Falls, Pennsylvania, Willimantic, Connecticut,
Seventh Avenue and Dunes Highway, both in Gary, Indiana, and a stainless plant
in Baltimore, Maryland; and from USS/Kobe, the plant in Lorain, Ohio. In
addition, RTI would own B&L's cold-finished plant in Cartersville, Georgia
(non-union); and
WHEREAS, if the Transaction is consummated, RTI anticipates
permanently closing one of the existing two blast furnaces, shutting down the
billet caster operation, investing capital in the billet yard and rolling
facilities resulting in headcount reductions, consolidating administrative and
support functions at the corporate headquarters, and building a new processing
center in Ohio to be manned by USWA represented employees. Overall, a decline
in the net hourly headcount of about 575 is expected during the three (3) years
of transition/consolidation after the consummation of the Transaction; and
WHEREAS, the Union has emphasized its objectives of, among other
things, providing a decent and humane set of retirement options for employees
affected by headcount reductions, and assuring that any RTI transaction
preserves as many bargaining units jobs as possible; and
WHEREAS, BarTech, RESI, USX and Kobe have endeavored to satisfy such
objectives on the terms described herein and have indicated that they will not
close the Transaction unless this Settlement Agreement has first been enter
into by the Union and unless the Master Agreement and Lorain Plant
Specific-Agreement (as defined below) have first been ratified by the Union's
members at USS/Kobe's Lorain, Ohio facilities affected thereby; the
effectiveness of this Settlement Agreement being conditional upon the closing
of the Transaction for those employees currently employed by USS/Kobe in its
bar steel business; and
NOW THEREFORE IT IS AGREED that:
The parties to this Settlement Agreement shall be BarTech, RESI, RTI,
and the Union. This Settlement Agreement adopts the 1998 BLA with respect to
the USWA-represented facilities of BarTech and RESI to be transferred to RTI
pursuant to the MRA and adopts the Master Agreement and the Lorain
Plant-Specific Agreement with respect to Union employees of USS/Kobe in its bar
steel business. This Settlement Agreement, the 1998 BLA (with respect to RTI)
and the Lorain Plant-Specific Agreement shall only become effective upon the
closing of the Transaction.
Settlement Agreement USWA Local 2354 July 7, 1999 2
The parties enter into this Settlement Agreement as of July 7, 1999.
I. Bargaining Structure/Single Agreement/Expiration Date
A. RTI shall be obligated to the Union under the 1998 BLA applicable to
all USWA-represented facilities of RTI other than Canadian Drawn Steel
which shall be covered by a separate collective bargaining agreement
which shall be coterminous with the agreement covering the other
plants. The 1998 BLA shall address certain subjects on a "Master
Agreement" basis and other issues on the basis of the former corporate
identity of the plants in question or a plant-specific basis
(hereinafter "Plant-Specific Agreement").
The current labor agreement (exclusive of their benefits agreements)
between USS/Kobe and the Union ("Predecessor Labor Agreement" or
"PLA") shall be replaced by the Master and the Plant-Specific
Agreement as well as this Settlement Agreement.
The benefits agreements associated with the PLA shall continue in
effect until merged or harmonized together pursuant to the RTI
benefits agreements to be adopted by the parties in accordance with
this Settlement Agreement and the Master and Plant-Specific Agreement.
The formerly separate USS/Kobe Office & Technical bargaining unit
under the PLA shall remain in a single RTI bargaining unit. The
termination date previously established by the PLA shall be amended
and extended to give the BLA a termination date of October 31, 2003.
Wherever this Settlement Agreement sets forth an understanding not
described as plant-specific, such understanding shall be included in
the Master portions of the 1998 BLA. Any language in the
Plant-Specific Agreement which conflicts with the Master portion of
the 1998 BLA shall displace the Master provisions of the 1998 BLA.
B. In the negotiation of a successor agreement to the 1998 BLA,
bargaining shall begin with plant-level representatives negotiating
over the topics covered in the agreement on plant-specific issues.
After an appropriate interval of such
Settlement Agreement USWA Local 2354 July 7, 1999 3
bargaining, Master bargaining shall commence, and all issues still
unresolved in the plant-specific bargaining shall be referred to the
Master bargaining for resolution.
II. RTI Profit Sharing Plan
RTI bargaining unit employees who were formerly employed by USS/Kobe
shall be included in the RTI Profit Sharing Plan and for purposes of
distribution shall be included in the BarTech Pool as set forth in the
1998 Settlement Agreement.
III. RTI Pension Program (As Defined in Pension Term Sheet)
A. The benefits described below will be applicable to former USS/KOBE
employees employed by USS/KOBE immediately prior to the effective date
of this Agreement, through the adoption of Pension Agreements
containing provisions identical to those in the current USS/KOBE
Pension Agreement except as modified below.
B. The regular monthly pension benefit shall be the greater of (1) or (2)
multiplied by all years of continuous service both before and after
the Transaction Date (including all years of service recognized under
the present USS/KOBE Pension Agreement):
1. $35.00 ($46.00 for retirements on and after May 1, 2003)
2. The snapshot Benefit.
The Snapshot Benefit for each participant equals the benefit under the
percent pension formula, calculated as of the Transaction Date,
divided by the participant's years of continuous service as of the
Transaction Date.
C. For employees retiring after age 55 with at least 30 years of service,
the 30-Year Minimum Benefit will be available.
Settlement Agreement USWA Local 2354 July 7, 1999 4
D. For 30-year retirements, the Increased Pension shall be the current
$400/$1,500 benefit payment until eligible for 80% of full Social
Security Benefit. For employees who retire under this provision during
the term of this BLA, the Company shall waive the earnings offset
during their retirement period.
E. The Early Retirement Buyout benefit provisions under the current RESI
Pension Agreement shall be applicable with the reduced pension benefit
calculated under Paragraph B above.
F. Modify the Increased Pension provisions for Permanent Incapacity,
70/80 and Rule-of-65 Retirements to provide for continuation of
payments until eligible for 80% of full Social Security Benefits.
G. Change the Automatic Five-year Term Certain to provide the benefit in
the event of a death prior to retirement if the participant was
eligible for immediate retirement.
H. Eliminate the charge for Pre-Retirement Survivor Annuity Coverage in
the same manner as RESI under the RTI Plan.
I. Modify the Automatic 50% Spouse Option to provide for benefit payments
to pop-up in the event of the death of the spouse before the
participant or in the event of a divorce. This option shall be made
cost neutral to the Plan by mutually agreed to actuarial assumptions.
J. Modify the Surviving Spouse's Benefit provisions so they are the same
as those under the current RESI Pension Agreement.
K. Include appropriate provisions regarding crediting of continuous
service and the calculation of benefits (including any offsets) for
employees who transfer between RTI and USS/KOBE after the Transaction
Date.
L. Under the Rule of 65 Retirement, the parties have agreed to include
the former USS/Kobe Plant in Group II for purpose of Suitable Long
Term Agreement (SLTE) as set forth in the 1998 Settlement Agreement.
Settlement Agreement USWA Local 2354 July 7, 1999 5
M. The Pension Agreement will remain in effect for five (5) months after
the termination of the BLA.
IV Lorain Economic Modifications
The Lorain Plant Specific Agreement shall provide for the following Economic
provisions for the former USS/Kobe bar and steelmaking facilities:
A. Wages
1. Roll-up and Harmonization Schedule:
Current USS/Kobe New Effective Date
Classifications Labor Grade Of Agreement 3/1/00 11/1/01 11/1/02
-----------------------------------------------------------------------------------------------------------------------
1-8 1 Standard Bi- 1292 1368 1388 1408
Weekly Wage Scale
Equiv. Hr. Rate 16.15 17.10 17.35 17.60
9 and above 2 Standard Bi- 1372 1448 1468 1488
Weekly Wage Scale
Equiv. Hr. Rate 17.15 18.10 18.35 18.60
2. Signing Bonus for all employees accruing continuous service on the
effective date of this Agreement:
$1,000 (Paid within 30 days from the effective Date of this Agreement)
3. Shift Premium - Harmonize to RTI October 31, 2003.
4. Sunday Premium - Harmonized to RTI January 1, 2003.
B. Sickness & Accident - Harmonize to RTI, January 1, 2001.
RTI S&A Weekly
Insurance Classification Benefit
------------------------ --------------
Labor Grade 1 $285
Labor Grade 2 $298
Settlement Agreement USWA Local 2354 July 7, 1999 6
C. Life Insurance - Harmonize to RTI, January 1, 2001.
Insurance Classification RTI Life Insurance
------------------------ ------------------
Labor Grade 1 $16,500
Labor Grade 2 $17,000
Employee 15+ yrs. $50,000
*Grandfather current employees under 15 years service at $20,000.
V. Early Retirement Buyout Package ("XXX") and Voluntary Severance
Plan ("VSP")
A. The Company and Union agree that a significant reduction in the xxxxxxx
level at the former USS/Kobe facility is essential to enable RTI to become
competitive and thereby improve job security. In order to lessen the
impact on employees, the parties have agreed to include former USS/Kobe
RTI employees in the XXX and VSP programs set forth in the 1998 Settlement
Agreement.
The Company's business plan calls for a reduction in the net number of
bargaining unit jobs at former USS/Kobe Bar and Steelmaking facilities by
approximately five hundred and seventy-five (575) during the approximately
three (3) years of the transition/consolidation. This net reduction in
bargaining unit jobs will be accomplished through the shutdown of plant(s)
(or departments or subdivisions thereof), capital investments and
productivity improvements due to work rule and job classification
improvements.
B. RTI Office & Technical bargaining unit employees who were formerly
employed by USS/KOBE shall participate in the Early Retirement Buyout
Package (XXX) and Voluntary Severance Program (VSP) as set forth in the
1998 Settlement Agreement and the "Adaptation and Interpretation of XXX"
letters from Xxxxxx X. Xxxxxxx to Xxxxx X. XxXxxx dated July 1, 1999.
C. The first one hundred (100) XXX'x offered at the former USS/KOBE facility
Settlement Agreement USWA Local 2354 July 7, 1999 7
(Bar, Steelmaking, and Tube) shall be offered to Lorain employees at RTI
(Bar and Steelmaking) and USS/KOBE (Tube) on a combined plant-wide
continuous service basis. Thereafter, XXX'x offered by RTI will be made
available only to RTI employees.
VI The parties hereby adopt the following:
A. The Master Agreement set forth in Appendix A
B. The Lorain Office & Technical Plant Specific Agreement set
forth in Appendix B
VII. Termination
The termination date of the new agreement shall be October 31, 2003.
The termination date of the benefits agreements shall be extended to
expire on February 28, 2004.
Executed this _____ day of July, 1999.
REPUBLIC TECHNOLOGIES INTERNATIONAL, LLC
By: Republic Technologies International Holdings, LLC, its Managing Member
By: Bar Technologies Inc., its Managing Member
------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: CEO, Bar Technologies Inc.
United Steelworkers of America AFL-CIO
----------------------------------
----------------------------------
----------------------------------
Settlement Agreement USWA Local 2354 July 7, 1999 8
1999 SETTLEMENT AGREEMENT
Between
UNITED STEELWORKERS OF AMERICA, AFL-CIO
On behalf of its Local 1104
And
BarTech, RESI and RTI
WHEREAS, on August 2, 1998, Bar Technologies Inc. ("BarTech") and RES
Acquisition Corporation entered into the 1998 Settlement Agreement, which
included the Master Labor Agreement (the "Master Agreement") and the
plant-specific agreements, setting forth the obligations of BarTech and
Republic Engineered Steels, Inc. ("RESI") at all of their USWA-represented
facilities (such agreements, collectively with the benefit agreements entered
into in connection therewith, the "1998 BLA"); and
WHEREAS, Republic Technologies International, LLC ("RTI") wishes to
adopt the 1998 BLA for all USWA-represented facilities other than those of
Canadian Drawn Steel Company, which will be covered by a separate collective
bargaining agreement; and
WHEREAS, pursuant to a Master Restructuring Agreement (the "MRA"),
affiliates of Blackstone Management Partners L.P. ("Blackstone"), USX
Corporation ("USX") and Kobe Steel, Ltd. ("Kobe") propose to combine the bar
steel businesses of BarTech, RESI and USS/Kobe Steel Company (other than its
tubular steel business to be separately held) ("USS/Kobe") into RTI, a
newly-formed entity to be controlled by BarTech, in a transaction expected to
be consummated in the third calendar quarter of 1999 (the "Transaction"); and
WHEREAS, in the event that the Transaction is completed, the combined
RTI entity would own the following plants represented by the United
Steelworkers of America (the "USWA" or "Union"): from BarTech, the plants in
Johnstown, Pennsylvania, and Lackawanna, New York; from BarTech's subsidiaries
Bliss & Xxxxxxxx Steel Company and Canadian Drawn Steel Company, the plants in
Harvey, Illinois, and Xxxxxxxx, Xxxxxxx (Xxxxxx) respectively; from RESI,
Massillon Cold Finish, Massillon Hot Roll, Special Metals (Massillon), all in
Massillon, Ohio, and
Settlement Agreement USWA Local 1104 July 7, 1999 1
Canton Eighth Street in Canton, Ohio, the plant in Chicago, Illinois, the
cold-finished plants in Beaver Falls, Pennsylvania, Willimantic, Connecticut,
Seventh Avenue and Dunes Highway, both in Gary, Indiana, and a stainless plant
in Baltimore, Maryland; and from USS/Kobe, the plant in Lorain, Ohio. In
addition, RTI would own B&L's cold-finished plant in Cartersville, Georgia
(non-union); and
WHEREAS, if the Transaction is consummated, RTI anticipates
permanently closing one of the existing two blast furnaces, shutting down the
billet caster operation, investing capital in the billet yard and rolling
facilities resulting in headcount reductions, consolidating administrative and
support functions at the corporate headquarters, and building a new processing
center in Ohio to be manned by USWA represented employees. Overall, a decline
in the net hourly headcount of about 575 is expected during the three (3) years
of transition/consolidation after the consummation of the Transaction; and
WHEREAS, the Union has emphasized its objectives of, among other
things, providing a decent and humane set of retirement options for employees
affected by headcount reductions, and assuring that any RTI transaction
preserves as many bargaining units jobs as possible; and
WHEREAS, BarTech, RESI, USX and Kobe have endeavored to satisfy such
objectives on the terms described herein and have indicated that they will not
close the Transaction unless this Settlement Agreement has first been enter
into by the Union and unless the Master Agreement and Lorain Plant
Specific-Agreement (as defined below) have first been ratified by the Union's
members at USS/Kobe's Lorain, Ohio facilities affected thereby; the
effectiveness of this Settlement Agreement being conditional upon the closing
of the Transaction for those employees currently employed by USS/Kobe in its
bar steel business; and
NOW THEREFORE IT IS AGREED that:
The parties to this Settlement Agreement shall be BarTech, RESI, RTI,
and the Union. This Settlement Agreement adopts the 1998 BLA with respect to
the USWA-represented facilities of BarTech and RESI to be transferred to RTI
pursuant to the MRA and adopts the Master Agreement and the Lorain
Plant-Specific Agreement with respect to Union employees of USS/Kobe in its bar
steel business. This
Settlement Agreement USWA Local 1104 July 7, 1999 2
Settlement Agreement, the 1998 BLA (with respect to RTI) and the Lorain
Plant-Specific Agreement shall only become effective upon the closing of the
Transaction. The parties enter into this Settlement Agreement as of July 7,
1999.
I. Bargaining Structure/Single Agreement/Expiration Date
A. RTI shall be obligated to the Union under the 1998 BLA applicable to
all USWA-represented facilities of RTI other than Canadian Drawn Steel
which shall be covered by a separate collective bargaining agreement
which shall be coterminous with the agreement covering the other
plants. The 1998 BLA shall address certain subjects on a "Master
Agreement" basis and other issues on the basis of the former corporate
identity of the plants in question or a plant-specific basis
(hereinafter "Plant-Specific Agreement").
The current labor agreement (exclusive of their benefits agreements)
between USS/Kobe and the Union ("Predecessor Labor Agreement" or
"PLA") shall be replaced by the Master and the Lorain Plant-Specific
Agreement as well as this Settlement Agreement upon the closing of the
Transaction.
The benefits agreements associated with the PLA shall continue in
effect until merged or harmonized together pursuant to the RTI
benefits agreements to be adopted by the parties in accordance with
this Settlement Agreement and the Master and Plant-Specific Agreement.
The formerly separate USS/Kobe bargaining unit under the PLA shall be
merged into the single RTI bargaining unit. The termination date
previously established by the PLA shall be amended and extended to
give the BLA a termination date of October 31, 2003.
Wherever this Settlement Agreement sets forth an understanding not
described as plant-specific, such understanding shall be included in
the Master portions of the 1998 BLA. Any language in the
Plant-Specific Agreement which conflicts with the Master portion of
the 1998 BLA shall displace the Master provisions of the 1998 BLA.
Settlement Agreement USWA Local 1104 July 7, 1999 3
B. In the negotiation of a successor agreement to the 1998 BLA,
bargaining shall begin with plant-level representatives negotiating
over the topics covered in the agreement on plant-specific issues.
After an appropriate interval of such bargaining, Master bargaining
shall commence, and all issues still unresolved in the plant-specific
bargaining shall be referred to the Master bargaining for resolution.
II. RTI Profit Sharing Plan
RTI bargaining unit employees who were formerly employed by USS/Kobe
shall be included in the RTI Profit Sharing Plan and for purposes of
distribution shall be included in the BarTech Pool as set forth in the
1998 Settlement Agreement.
III. RTI Pension Program (As Defined in Pension Term Sheet)
A. The benefits described below will be applicable to former USS/KOBE
employees employed by USS/KOBE immediately prior to the effective date
of this Agreement, through the adoption of Pension Agreements
containing provisions identical to those in the current USS/KOBE
Pension Agreement except as modified below.
B. The regular monthly pension benefit shall be the greater of (1) or (2)
multiplied by all years of continuous service both before and after
the Transaction Date (including all years of service recognized under
the present USS/KOBE Pension Agreement):
1. $35.00 ($46.00 for retirements on and after May 1, 2003)
2. The snapshot Benefit.
The Snapshot Benefit for each participant equals the benefit under the
percent pension formula, calculated as of the Transaction Date,
divided by the participant's years of continuous service as of the
Transaction Date.
Settlement Agreement USWA Local 1104 July 7, 1999 4
C. For employees retiring after age 55 with at least 30 years of service,
the 30-Year Minimum Benefit will be available.
D. For 30-year retirements, the Increased Pension shall be the current
$400/$1,500 benefit payment until eligible for 80% of full Social
Security Benefit. For employees who retire under this provision during
the term of this BLA, the Company shall waive the earnings offset
during their retirement period.
E. The Early Retirement Buyout benefit provisions under the current RESI
Pension Agreement shall be applicable with the reduced pension benefit
calculated under Paragraph B above.
F. Modify the Increased Pension provisions for Permanent Incapacity,
70/80 and Rule-of-65 Retirements to provide for continuation of
payments until eligible for 80% of full Social Security Benefits.
G. Change the Automatic Five-year Term Certain to provide the benefit in
the event of a death prior to retirement if the participant was
eligible for immediate retirement.
H. Eliminate the charge for Pre-Retirement Survivor Annuity Coverage in
the same manner as RESI under the RTI Plan.
I. Modify the Automatic 50% Spouse Option to provide for benefit payments
to pop-up in the event of the death of the spouse before the
participant or in the event of a divorce. This option shall be made
cost neutral to the Plan by mutually agreed to actuarial assumptions.
J. Modify the Surviving Spouse's Benefit provisions so they are the same
as those under the current RESI Pension Agreement.
K. Include appropriate provisions regarding crediting of continuous
service and the calculation of benefits (including any offsets) for
employees who transfer between RTI and USS/KOBE after the Transaction
Date.
Settlement Agreement USWA Local 1104 July 7, 1999 5
L. Under the Rule of 65 Retirement, the parties have agreed to include
the former USS/Kobe Plant in Group II for purpose of Suitable Long
Term Agreement (SLTE) as set forth in the 1998 Settlement Agreement.
M. The Pension Agreement will remain in effect for five (5) months after
the termination of the BLA.
IV. Lorain Economic Modifications
The Lorain Plant Specific Agreement shall provide for the following Economic
provisions for the former USS/Kobe bar and steelmaking facilities:
A. Wages
1. Roll-up and Harmonization Schedule:
Current
USS/KOBE New Effective Wage INC Wage INC Wage INC
Classification Labor Grade Date 11/1/00 11/1/00 11/1/01 11/1/01 11/1/02 11/1/02
------------------------------------------------------------------------------------------------------------------------
1-8 1 13.734 13.98 0.250 14.09 0.106 14.09 0.000
9-12 2 14.450 14.70 0.250 14.95 0.250 14.98 0.030
13-16 3 15.166 15.42 0.250 15.67 0.250 16.02 0.354
17-23 4 16.419 16.67 0.250 16.92 0.250 17.22 0.301
24-28 5 17.314 17.56 0.250 17.81 0.250 18.56 0.746
2. Lump sum bonuses for all employees accruing continuous service on the
effective date of the following payments:
$500 November 1, 2001
$500 November 1, 2002
3. Signing Bonus for all employees accruing continuous service on the effective
date of this Agreement:
$1,000 (Paid within 30 days from the effective Date of this Agreement)
4. Shift Premium - Harmonize to RTI October 31, 2003.
Settlement Agreement USWA Local 1104 July 7, 1999 6
5. Sunday Premium - Harmonized to RTI January 1, 2003.
6. Plant-wide Incentive Redevelopment letter contained in the Lorain Plant
Specific Agreement.
B. Sickness & Accident - Harmonize to RTI, January 1, 2001.
Insurance Classification RTI S&A Weekly Benefit
------------------------ ----------------------
Labor Grade 1 $246
Labor Grade 2 $259
Labor Grade 3 $272
Labor Grade 4 $285
Labor Grade 5 $298
C. Life Insurance - Harmonize to RTI, January 1, 2001.
Insurance Classification RTI Life Insurance*
------------------------ -------------------
Labor Grade 1 $15,000
Labor Grade 2 $15,500
Labor Grade 3 $16,000
Labor Grade 4 $16,500
Labor Grade 5 $17,000
Employee 15+ yrs. $50,000
*Grandfather current employees under 15 years service at $20,000.
V. Early Retirement Buyout Package ("XXX") and Voluntary Severance
Plan ("VSP")
A. The Company and Union agree that a significant reduction in the
xxxxxxx level at the former USS/Kobe facility is essential to enable
RTI to become
Settlement Agreement USWA Local 1104 July 7, 1999 6
competitive and thereby improve job security. In order to lessen the
impact on employees, the parties have agreed to include former
USS/Kobe RTI employees in the XXX and VSP programs set forth in the
1998 Settlement Agreement.
The Company's business plan calls for a reduction in the net number of
bargaining unit jobs at former USS/Kobe Bar and Steelmaking facilities
by approximately five hundred and seventy-five (575) during the
approximately three (3) years of the transition/consolidation. This
net reduction in bargaining unit jobs will be accomplished through the
shutdown of plant(s) (or departments or subdivisions thereof), capital
investments and productivity improvements due to work rule and job
classification improvements.
B. RTI production and maintenance bargaining unit employees who were
formerly employed by USS/KOBE shall participate in the Early
Retirement Buyout Package (XXX) and Voluntary Severance Program (VSP)
as set forth in the 1998 Settlement Agreement and the "Adaptation and
Interpretation of XXX" letters from Xxxxxx X.
Xxxxxxx to Xxxxx X. XxXxxx dated July 1, 1999.
C. The first one hundred (100) XXX'x offered at the former USS/KOBE
facility (Bar, Steelmaking, and Tube) shall be offered to Lorain
employees at RTI (Bar and Steelmaking) and USS/KOBE (Tube) on a
combined plant-wide continuous service basis. Thereafter, XXX'x
offered by RTI will be made available only to RTI employees.
VI. The parties hereby adopt the following:
A. The Master Agreement set forth in Appendix A
B. The Lorain Production & Maintenance Plant Specific Agreement
set forth in Appendix B
VI. Termination
The termination date of the new agreement shall be October 31, 2003.
The termination date of the benefits agreements shall be extended to
expire on
Settlement Agreement USWA Local 1104 July 7, 1999 8
February 28, 2004.
Executed this _____ day of July, 1999.
REPUBLIC TECHNOLOGIES INTERNATIONAL, LLC
By: Republic Technologies International Holdings, LLC, its Managing Member
By: Bar Technologies Inc., its Managing Member
------------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: CEO, Bar Technologies Inc.
United Steelworkers of America AFL-CIO
------------------------------------------
------------------------------------------
------------------------------------------
------------------------------------------
Settlement Agreement USWA Local 1104 July 7, 1999 9
