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ALCOA, REYNOLDS, USWA, ABG REACH NEW LABOR AGREEMENTS

 CLEVELAND, June 1 /PRNewswire/ -- Aluminum Company of America (NYSE: AA) and Reynolds Metals Company (NYSE: RLM) reached proposed new labor agreements here today with United Steelworkers of America (USWA) and the Aluminum, Brick and Glass Workers Union (ABG), unions that represent some 17,000 of the companies' employees at 27 locations in 17 states.
 The new 36-month agreements are subject to ratification by the USWA's local union presidents and the ABG's National Bargaining Council at meetings scheduled later today. If approved by the respective bargaining councils, the proposed agreements will be submitted to membership ratification votes. The general terms of the agreements and the bargaining council votes will be reported later today.
 Previous agreements between the companies and the unions expired at midnight under a 12-month extension that was further extended until the proposed new contract was reached at approximately 4 a.m. this morning.
 The unions advised that all employees should report to work pending approval of the USWA and ABG bargaining councils.
 -0- 6/1/93
 /CONTACT: Al Posti of Alcoa, 216-696-1440; Drew Lybrook of Reynolds Metals, 804-281-3262; Gary Hubbard of USWA, 216-861-0013; or John Murphy of ABG, 216-771-7600/
 (RLM AA)


CO: Reynolds Metals Company; Aluminum Company of America ST: Ohio IN: MNG SU:

SM-SH -- NY012 -- 3768 06/01/93 08:16 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
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