Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, has reported 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.
Alcoa expects additional operating expenses only in the third quarter of 2019 of approximately US$10 million (pre- and after-tax) related to the ratification of the agreement.
