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Timken, UAW Shake Hands On 4-Year Contract

Fri, 10/16/2009 - 3:44am

CANTON, Ohio (AP) — Timken Co., which makes ball bearings and transmission products, says it has a tentative four-year contract agreement with leaders of a United Steel Workers local that covers 2,300 workers in Canton.

The current contract was extended to Oct. 31 to allow time for a ratification vote later this month by members of USW Local 1123, Timken said.

Shares closed Thursday down 12 cents to $22.99.

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