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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported): May 10, 1998
THE TIMKEN COMPANY
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(Exact name of registrant as specified in charter)
Ohio 1-1169 34-0577130
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(State or other (Commission File No.) (IRS Employer
jurisdiction of incorporation) Identification No.)
1835 Dueber Avenue, S.W., Canton, Ohio 44706-2798
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (330) 438-3000
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ITEM 5. OTHER EVENTS
On Saturday evening, May 9, 1998, production and maintenance
associates at Latrobe Steel Company ("Latrobe Steel"), a wholly owned subsidiary
of The Timken Company located in Latrobe, Pennsylvania, ratified a new three
year labor contract that replaces the one that expired on May 3, 1998.
Acceptance of the contract ends a three-day work stoppage that began when
negotiations between Latrobe Steel and the United Steelworkers of America ended
late on Wednesday, May 6, 1998.
Latrobe Steel and the United Steelworkers of America had been
negotiating for two months on a new contract to replace the one that expired on
May 3, 1998. Approximately 450 union members at Latrobe Steel had been on
strike.
The Timken Company believes the three-day work stoppage will
not materially affect its 1998 financial performance.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
THE TIMKEN COMPANY
By: /s/ Gene E. Little
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Name: Gene E. Little
Title: Senior Vice President - Finance
Dated: May 11, 1998
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