Company, Steelworkers Reach New Deal

FAIRLAWN, Ohio - Republic Steel won't be closing thanks to a new deal reached with the steelworkers' union, 19/43 News reported.

The Republic Steel facility in Fairlawn has been working under Chapter 11 bankruptcy protection.

Terms of the new agreement with the union have not been released, but the company has said that it would allow them to emerge from Chapter 11, and become stronger than ever.

Union leaders are expected to take the new agreement to the rank and file on Tuesday.