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Aker Philadelphia Shipyard and Philadelphia Metal Trades Council enter into new collective bargaining agreement.

NORDIC BUSINESS REPORT-5 February 2007-Aker Philadelphia Shipyard and Philadelphia Metal Trades Council enter into new collective bargaining agreement(C)1994-2007 M2 COMMUNICATIONS LTD

Norwegian industrial holding group Aker ASA on said on Monday (5 February) that its subsidiary Aker Philadelphia Shipyard Inc and the Philadelphia Metal Trades Council have confirmed that a new collective bargaining agreement between the parties has been ratified by the Philadelphia Metal Trades membership.

The new agreement comes after months of negotiations between the yard and union leadership and will be effective through to 31 January 2011.

Aker Philadelphia Shipyard is the shipbuilding subsidiary of Aker American Shipping.

Aker, headquartered in Oslo in Norway, is a worldwide engineering, technology, shipbuilding and fisheries industry group with over 50,000 employees and annual revenues of approximately NOK80bn. Its core businesses include Aker Kvaerner, Aker Yards, Aker American Shipping, Aker Seafoods, Aker Material Handling, Aker Drilling and Aker Floating Production. Aker is listed on the Oslo Stock Exchange and traded under the ticker AKER.

One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EXNO
Date:Feb 5, 2007
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