Stillwater Mining: Tentative Labor Agreement Reached With USW

Date : 06/29/2011 @ 9:41AM
Source : Dow Jones News
Stock : Stillwater Mining Company ($0.01 Par Value) (SWC)
Quote : 18.0  0.0 (0.00%) @ 2:05AM

Stillwater Mining: Tentative Labor Agreement Reached With USW

Stillwater Mining (NYSE:SWC)
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Platinum and palladium producer Stillwater Mining Co. (SWC) Wednesday said it has reached a tentative agreement with the United Steel Workers International Union on the terms of a new four-year labor deal for workers at the Stillwater Mine and Processing Facilities.

Members of the union will vote on the agreement, which is due to expire July 9, next week.

Stillwater said the union's negotiating committee and the representative for USW International are unanimously recommending ratification of the agreement to members of the United Steel Workers Local 11-0001.

-By Rhiannon Hoyle, Dow Jones Newswires; +44 (0)20 7842 9405; rhiannon.hoyle@dowjones.com

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