Timken Co. (TKR) said Thursday that it has reached agreement with the United Steel Workers Local 1123 on a new four-year contract.
The current contract was extended until October 31 to allow time for a ratification vote later this month.
Timken has 2,300 associates covered by the agreement at the company's facilities in Canton, Ohio.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.