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News

Alcoa reaches agreement with International Association of Machinists in Cleveland

Alcoa : 07 August, 2007  (Company News)
Alcoa announced that the International Association of Machinists, District 54, Lodge 10, has ratified a new 4-year labor agreement at 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.

“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.
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