Metallus (MTUS) announced that members of the United Steelworkers (USW) Local 1123 have voted not to ratify the second tentative labor agreement reached between the company and union leadership on December 4, 2025.
The proposed agreement offered wage increases throughout its term, including annual raises and additional premiums for specialized roles. It also included comprehensive healthcare coverage—medical, prescription, dental, and vision benefits—with minimal employee costs and no increases in copays or coinsurance. In addition, the agreement sought to enhance work-life benefits by introducing paid parental leave, additional personal time, and improved retirement contributions.
The current labor agreement, which had previously been extended until January 29, 2026, remains in effect. It covers approximately 1,200 bargaining employees at Metallus' Canton, Ohio operations.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.