Alcoa, United Steelworkers reach agreement

Alcoa, United Steelworkers reach agreement

Posted:
ALCOA (WATE) - A deal was reached between Alcoa Inc. and the United Steelworkers group early Friday morning on a new five-year labor contract covering 6,100 workers at ten manufacturing locations in the United States.

This tentative agreement is subject to the union's ratification vote that will be scheduled and run by the union. Alcoa Inc. reports that it will continue to be prepared for the possibility of a work stoppage, depending on the outcome of the ratification vote.

The two groups had until 1 a.m. to reach an agreement.

“Together with the USW, we have reached a package that is positive for our employees and competitive for our business,” said Bob Wilt, president of Alcoa Global Primary Products and chair of the Company’s Employee Relations Council.

In the last two rounds of bargaining USW says they have modified their pension plans and retiree healthcare.

This time around they were pushing for a fair benefit and wage package.

No details have been released on the new deal.
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