Timken and Union Agree on Proposed Contract

• Press Release
• Source: The Timken Company
• On 7:29 pm EDT, Thursday October 15, 2009

CANTON, Ohio--(BUSINESS WIRE)--The Timken Company and the United Steel Workers (USW) Local 1123 today announced they have reached agreement on a new four-year contract. The current contract was extended until October 31, 2009 to allow time for a ratification vote later this month.

Related Quotes

Symbol	Price	Change
TKR	25.38	-0.04

{"s" : "tkr","k" : "c10,l10,p20,t10","o" : "","j" : ""}

“Both the company and the union worked hard toward a contract that is good for our customers, our associates and the community," said Sal Miraglia, president of Timken’s Steel Group.

Timken has 2,300 associates covered by the agreement at the company's facilities in Canton, Ohio.

About The Timken Company

The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers’ machinery to perform more efficiently and reliably. With sales of $5.7 billion in 2008 and operations in 26 countries, Timken is Where You Turn™ for better performance.

The Timken Company
Media Contact:
Lorrie Paul Crum, 330-471-3514
Manager – Global Media and Strategic Communications
Mobile: 330-224-5021
lorrie.crum@timken.com
or
Investor Contact:
Steve Tschiegg, 330-471-7446
Director – Capital Markets and Investor Relations
steve.tschiegg@timken.com
or
For Additional Information:
www.timken.com/media
www.timken.com/investors