ATI reports improved aerospace market, but also concerns over worker strike bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Tribune-Review
TribLIVE s Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox.
Allegheny Technologies Inc. reported a $7.9 million loss in the first quarter of 2021, but the company said it anticipates demand for its jet engine products will increase as air travel recovers from the covid pandemic.
“Our first-quarter financial results exceeded expectations, benefiting from the ongoing modest recovery in jet engine production, our aggressive 2020 cost-cutting actions and a strong tailwind from nickel and other raw material prices,” President and CEO Robert S. Wetherbee said in ATI’s results statement released Thursday.
“Despite our expected seasonal cash burn, our strong balance sheet and cash position ensure our ability to meet customer obligations and succeed in a challenging environment,” he said.
Massachusetts nurses reject offer from Tenet Healthcare as US strike movement grows wsws.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsws.org Daily Mail and Mail on Sunday newspapers.
Thursday, April 29, the MetalMiner team will shine a spotlight on the stainless steel market.
The webinar, titled “Turning Stainless Market Upheaval to Your Advantage,” will features insights and tips for stainless steel buying organizations, particularly in what has been a tumultuous time for the market.
Meanwhile, as MetalMiner has reported previously, the United Steelworkers union in late March announced a strike at nine
Allegheny Technologies Inc. (ATI) facilities. As of press time, the strike continued into its fourth week.
If you are a stainless steel buyer, you won’t want to miss this webinar, led by
MetalMiner CEO Lisa Reisman,
Tribune-Review
TribLIVE s Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox.
As promised, Allegheny Technologies Inc. has changed its contract offer to the United Steelworkers after the striking union did not accept the company’s proposal by a Monday deadline.
ATI had given the union until 5 p.m. Monday to accept the four-year offer made on April 20 or else it would replace it with one that the company said reflected the costs it is incurring as a result of the strike, which began March 30.
Union negotiators rejected the ultimatum on Thursday, calling the tactic bullying and accusing the company of “trying to force acceptance of its latest, take-it-or-leave-it, bad-faith offer.”