Actionable news
0
All posts from Actionable news
Actionable news in AA: ALCOA INC,

UPDATE 1-Union accepts proposed labor deal at Alcoa Intalco aluminum smelter

(Adds detail on negotiations)

Oct 16 (Reuters) - Workers at Alcoa's Intalco Works aluminum smelter voted to accept the company's final contract offer, staving off a second labor dispute at a U.S. smelter this year as prices tumble below production costs.

"The Contract was accepted," The international Association of Machinists & Aerospace Workers said on its website.

Contract negotiations began on Oct. 1 between Alcoa and the International Association of Machinists & Aerospace Workers Local 2379, which represents 500 of the 560 workers at the 230,000 tonne-per-year smelter in Ferndale, Washington.

The prior four-year contract will expire on Friday.

The vote prevented any industrial action at the plant, as aluminum prices on the London Metal Exchange (LME) languish near 6-year lows and after the Midwest...


More