05.04.2005 21:47:00
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Koppel Steel and USWA Negotiate Labor Contract Extension; New Contract
Business Editors
NEWPORT, Ky.--(BUSINESS WIRE)--April 5, 2005--NS Group, Inc. (NYSE:NSS) announced today that the hourly employees of the company's seamless tubular operation, located in Pennsylvania, voted to extend their 57-month labor agreement that was scheduled to expire in 2007. Approximately 500 hourly employees represented by the United Steelworkers of America Local 9305 are covered by the new contract that will now expire in May 2010.
Rene J. Robichaud, President and CEO stated, "The extension of the contract is positive for all involved. The new agreement enables the company to continue to improve its competitive position while providing fair enhancements in wages and benefits for our employees."
NS Group is a leading producer of tubular products serving the energy industry and certain industrial markets. The company manufactures and markets seamless and welded tubular steel products used in the drilling, exploration and transmission of oil and natural gas. NS Group is traded on the NYSE under the symbol NSS. For more information about NS Group log on to www.nsgrouponline.com.
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CONTACT: NS Group, Inc. Linda A. Pleiman, 859.292.6814 www.nsgrouponline.com
KEYWORD: KENTUCKY PENNSYLVANIA INDUSTRY KEYWORD: OIL/GAS MANUFACTURING MINING/METALS ENERGY SOURCE: NS Group, Inc.
Copyright Business Wire 2005
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