United Steelworkers at Five Alcoa U.S. Locations Ratify New Labor Agreement
September 20 2019 - 7:00AM
Business Wire
Alcoa Corporation (NYSE: AA), a global leader in bauxite,
alumina and aluminum products, today announced that members of the
United Steelworkers (USW) have ratified a new labor agreement,
covering approximately 1,700 active employees at five U.S.
locations.
The Company and the union leadership tentatively agreed on
August 30 to the terms of the four-year contract, subject to
ratification by the union’s members. The USW announced the outcome
of that vote on Thursday, Sept. 19.
The new agreement, which is now in effect, covers employees
represented by the USW at Warrick Operations in Indiana, Massena
Operations in New York, Gum Springs in Arkansas, Wenatchee Works in
Washington, and Point Comfort in Texas.
“We appreciate the contributions from our union employees at
each of these locations,” said Leigh Ann Fisher, Executive Vice
President and Chief Administrative Officer. “We are pleased to have
in place an agreement that will position our Company and employees
for future success.”
Alcoa expects additional operating expenses only in the third
quarter of 2019 of approximately $10 million (pre- and after-tax),
or $0.05 per share, related to the ratification of the
agreement.
Dissemination of Company Information
Alcoa Corporation intends to make future announcements regarding
company developments and financial performance through its website,
www.alcoa.com.
About Alcoa Corporation
Alcoa is a global industry leader in bauxite, alumina and
aluminum products, built on a foundation of strong values and
operating excellence dating back more than 130 years to the
world-changing discovery that made aluminum an affordable and vital
part of modern life. Since inventing 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.
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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
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Investor Contact James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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