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Terry Wooden, longtime president of the Steelworkers Local Union 3643, said he had received telephone calls from salaried and hourly employees through the day on Monday about the possible sale, but he is maintaining a positive tone for the future.
“Everybody is in a holding mode,” he said. “I was told by Charlie that the first group is going to come through sometime next week to tour the plant. We have had a good relationship with this company, and we have broken all-time production records in the bar mill and are making record profits. All we can do is wait and see what happens.”
Alton Steel Inc. and the Steelworkers Local Union 3643 signed a historic two-year contract in April. The old contract was set to expire Aug. 20, but the new contract was reached April 26. The two-year extension increases all hourly rates of pay 3 percent, effective Aug. 20, and another 3 percent increase in hourly rates of pay becomes effective Aug. 20, 2014.
Alton Steel took over the old Laclede Steel in 2001, emerged from bankruptcy in 2003 and resumed business with the Alton Steel name. As of May, the plant employed about 312 people. Alton Steel celebrated its 10th anniversary recently and marked record production in the bar mill, producing more than 25,000 tons of bars.
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