Alcoa Announces New Five-Year Labor Agreement With USWA.Business Editors PITTSBURGH--(BUSINESS WIRE)--Oct. 12, 2001 Alcoa (NYSE NYSE See: New York Stock Exchange :AA) announced today a new five-year labor agreement with the United Steelworkers United Steelworkers (USW) historic labour union representing workers in steel, aluminum, and other metallurgical industries for much of the 20th century. In the U.S. of America (USWA USWA United Steelworkers of America USWA United States Wrestling Association USWA United States Windsurfing Association USWA United States Wristwrestling Association ). The new contract is retroactive to June 1, 2001 and runs through May 31, 2006. It includes a reopener provision in May 2005. The pact was ratified today. It covers 12,000 employees in 19 U.S. operating locations. The previous master contract was scheduled to expire May 31, 2001. In 1996, Alcoa and the USWA negotiated an unprecedented six-year labor agreement with defined economics for the first five years and a reopener provision in the fifth year. The reopener took place last May, but no agreement was reached. Under terms of the contract, the last, best and final offers from the company and the union was given to an arbitrator. The two sides met in Pittsburgh in late-September and forged a new agreement before the arbitration decision was made. The Alcoa plants are located in Arkansas, Indiana, Iowa, Kentucky, Louisiana, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Pennsylvania, Oregon, Tennessee, Texas, Virginia, and Washington. Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina. It is active in all major aspects of the industry -- technology, mining, refining, smelting, fabricating and recycling. |
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