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New Contract Agreement Reached Between Timken and the United Auto Workers

CANTON, Ohio, Sept. 10 /PRNewswire-FirstCall/ -- Timken, Local 1645, and the United Auto Workers (UAW) jointly announced agreement on a new contract. Effective September 12, 2004 through September 8, 2007, the new contract will cover all production and skilled trade employees at the company's facilities in Torrington, Connecticut.


The agreement was ratified by a large majority of the UAW membership in a meeting on Thursday evening, September 9.

 

The Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

 

For Additional Information:


Jason Saragian, Public Relations Manager, (330) 471-3514, or visithttp://www.timken.com/media ; or Barry Bayly, Shop Chairman, Local 1645, UAW, 860-626-2645; or Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181

 

SOURCE The Timken Company