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ALCOA REACHES AGREEMENT WITH INTERNATIONAL ASSOCIATION OF MACHINISTS IN CLEVELAND
07 August 2007 - Alcoa
| Alcoa announced that the International Association of Machinists, District 54, Lodge 10, has ratified a new 4-year labor agreement at Alcoa’s Cleveland Works facility. |
Alcoa announced that the International Association of Machinists, District 54, Lodge 10, has ratified a new 4-year labor agreement at Alcoa’s Cleveland Works facility. “We are very pleased that the IAM recognized the value of this agreement,” said Brett McBrayer, Cleveland Works Plant Manager. The contract will help make Cleveland Works more globally competitive and secure jobs in Cleveland. The labor agreement creates a framework that:
Improves the competitiveness of Alcoa Cleveland Works;
Preserves the standard of living for employees through a competitive wage and benefits package;
Includes a new health care plan designed to be more competitive in today’s market;
Continues to provide health care coverage for retirees and limits the company’s long-term liability;
Calls for annual wage increases;
Initiates a new attendance policy.
http://www.alcoa.com
About: Alcoa
Alcoa is a leading producer of primary aluminium, fabricated aluminium and alumina and is active in all major aspects of the industry. It serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers. The company has 120 000 employees in 41 countries. In addition to aluminium products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. Alcoa makes a very sustainable product: almost 70% of the aluminium ever produced is still in use, equalling 480 million tonnes of a total 690 million tonnes manufactured since 1886.
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