AGY Seeks Collective Bargaining Agreement

May 6th, 2014 by

AIKEN, SC USA – (May 3, 2014) – AGY and Teamsters Local No. 509 have been meeting
since March 24, 2014 to negotiate a new contract for the Company’s employees at its Aiken Plant
prior to the contract expiration at midnight on May 1, 2014. Unfortunately, after many days of
discussions, the negotiations were not productive. As a result, on April 29, 2014, AGY gave
Teamsters’ Union Leadership the Company’s final offer for a new three (3) year agreement and
requested that the offer be presented to the Union’s membership for a vote. Unfortunately,
Teamsters Leadership immediately rejected AGY’s proposal, stating that it would not present the
proposal to its membership or give its membership the opportunity to vote on the proposal. It is
AGY’s understanding that, in fact, no such vote ever occurred. Instead, the Union called a strike at
midnight on May 1, 2014. AGY is very disappointed in the Union’s position and its refusal to
seriously consider AGY’s proposal. While the strike is in progress, AGY will continue to operate
the Aiken Plant.

AGY values and respects our employees and hopes to reach an amicable resolution to get the
Union to agree to a modern 21st century collective bargaining agreement.
AGY is a world leader in high performance glass fiber materials used in Aerospace &
Defense, Electronics and Industrial markets.
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