NEW YORK–(Business Wire)–
Alcoa announced today that a new four-year contract covering 5,400 employees at
10 Company locations in the United States has been ratified by members of the
United Steelworkers (USW).
“This new agreement is a good outcome for our employees, shareholders, customers
and communities. We believe that this was a successful negotiations process,
with contributions by both sides, and we are pleased that our employees ratified
the contract,” said Mick Wallis, president of Alcoa North American Rolled
Products and chair of the Company`s Employee Relations Council.
“Now that we have a new long-term agreement, we can focus our energy and efforts
on meeting the challenges of our businesses and working together to build a
better future for these plants.”
The new agreement was approved after voting yesterday.
The previous contract expired May 31. Alcoa and the USW reached a tentative
agreement after two weeks of bargaining in May. More information about the
negotiations can be found at www.alcoanegotiations.com.
Alcoa is the world`s leading producer of primary aluminum, fabricated aluminum
and alumina. In addition to inventing the modern-day aluminum industry, Alcoa
innovation has been behind major milestones in the aerospace, automotive,
packaging, building and construction, commercial transportation, consumer
electronics and industrial markets over the past 120 years. Among the solutions
Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as
well as Alcoa wheels, fastening systems, precision and investment castings, and
building systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral part of
Alcoa`s operating practices and the product design and engineering it provides
to customers. Alcoa has been a member of the Dow Jones Sustainability Index for
eight consecutive years and approximately 75 percent of all of the aluminum ever
produced since 1888 is still in active use today. Alcoa employs approximately
59,000 people in 31 countries across the world. More information can be found at
Matthew E. Garth, 212-836-2674
Kevin G. Lowery, 412-553-1424
Copyright Business Wire 2010