Alcoa and United Steelworkers Reach Tentative Labor Agreement for Five U.S. Locations
August 30 2019 - 1:47PM
Business Wire
Alcoa Corporation, a global leader in bauxite, alumina, and
aluminum products, has reached a tentative agreement with the
United Steelworkers on a new 4-year labor agreement for
approximately 1,700 active employees at five U.S. locations.
The union members will now schedule a vote on the proposed
contract, the result of extensive negotiations between the Company
and the United Steelworkers. On May 15, the parties agreed to honor
the existing contract, which was set to expire at midnight on that
day, so negotiations for a new contract could continue without a
work stoppage.
The United Steelworkers will now set the date for its members to
vote on the proposal, which will cover employees represented by the
union at Warrick Operations in Indiana, Massena Operations in New
York, Gum Springs in Arkansas, Wenatchee Works in Washington, and
Point Comfort in Texas.
Most of the union members eligible to vote on the proposed
Master Agreement are employed at Warrick Operations, where the
union represents employees at the aluminum smelter and rolling
mill, and at the Massena Operations smelter. The Point Comfort
alumina refinery and the Wenatchee Works aluminum smelter are both
fully curtailed.
About Alcoa
Alcoa (NYSE: AA) is a global industry leader in bauxite,
alumina, and aluminum products, and is built on a foundation of
strong values and operating excellence dating back to more than 130
years to the world-changing discovery that made aluminum an
affordable and vital part of modern life. Since developing the
aluminum industry, and throughout our history, our talented Alcoans
have followed on with breakthrough innovations and best practices
that have led to efficiency, safety, sustainability, and stronger
communities wherever we operate. Visit us online on www.alcoa.com,
follow @Alcoa on Twitter, and on Facebook at
www.facebook.com/Alcoa.
Dissemination of Company Information
Alcoa Corporation intends to make future announcements regarding
company developments and financial performance through its website
at www.alcoa.com.
Forward-Looking Statements
The session may contain statements that relate to future events
and expectations and as such constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements include those containing such
words as “anticipates,” “believes,” “could,” “estimates,”
“expects,” “forecasts,” “intends,” “may,” “outlook,” “plans,”
“projects,” “seeks,” “sees,” “should,” “targets,” “will,” “would,”
or other words of similar meaning. All statements that reflect the
Company’s expectations, assumptions or projections about the
future, other than statements of historical fact, are
forward-looking statements. Forward-looking statements are not
guarantees of future performance and are subject to known and
unknown risks, uncertainties, and changes in circumstances that are
difficult to predict. Although the Company believes that the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, it can give no assurance that these
expectations will be attained and it is possible that actual
results may differ materially from those indicated by these
forward-looking statements due to a variety of risks and
uncertainties. Additional information concerning factors that could
cause actual results to differ materially from those projected in
the forward-looking statements is contained in our filings with the
Securities and Exchange Commission. The Company disclaims any
obligation to update publicly any forward-looking statements,
whether in response to new information, future events or otherwise,
except as required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190830005403/en/
Investor Contact James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact Joyce Saltzman 412-315-2692
Joyce.Saltzman@alcoa.com
Alcoa (NYSE:AA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alcoa (NYSE:AA)
Historical Stock Chart
From Sep 2023 to Sep 2024