According to Universal Stainless, the five-year agreement with United Steelworkers Local 9531 maintains the flexible work rule terms and profit-sharing incentives contained in the prior agreement.

The agreement is retroactive to 1 September, when the previous deal expired. Employees had been working under a contract extension.

“We are pleased that we have a new labor agreement at our Bridgeville facility that is in the best interests of our employees, customers and shareholders,” said Universal Stainless president and chief executive Dennis Oates.