United Steelworkers Ratify New Contract with OMNOVA Solutions' Jeannette, Pennsylvania Facility
FAIRLAWN, Ohio, May 13 /PRNewswire-FirstCall/ -- OMNOVA Solutions (NYSE:OMN) today announced that members of United Steelworkers Local 22L have ratified a new labor agreement covering the Company's Jeannette, Pennsylvania plant. A vote on the new three-year contract took place Saturday, May 10. The agreement will take full effect on September 2, 2008, the expiration date of the current contract. Certain provisions will be implemented as of May 12, 2008.
"The cooperative working relationship that exists today in Jeannette allowed early talks that resulted in a win-win for all involved," said Kevin McMullen, OMNOVA Solutions Chairman and CEO. "Hard work by the negotiating teams on both sides culminated in a fair agreement that continues to provide excellent jobs with very good wages and benefits for our union associates, while helping to secure a competitive position for the Jeannette plant in a very challenging marketplace." The Jeannette, Pennsylvania facility is part of OMNOVA's Decorative Products business unit, with about 116 of its 150 employees represented by Local 22L. The plant produces industrial films and laminates used in a number of products, including awnings, signage, swimming pools, window shades, and floors and ceilings for manufactured housing.
OMNOVA Solutions is a technology-based company with proforma 2007 sales of $836 million and a current workforce of 2,810 employees worldwide. OMNOVA is an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces for a variety of commercial, industrial and residential end uses. Visit OMNOVA Solutions on the internet at www.omnova.com . First Call Analyst:
CONTACT: Communications: Sandi Noah, +1-330-461-0536, or Web site: http://www.omnova.com/
2008-05-13 20:03:10 0360911 PRNEWSWIRE
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