Alcoa Corporation, a global leader in bauxite, alumina, and aluminum
products, has agreed to extend the existing labor contract with the
United Steelworkers to reach a new multi-year labor agreement covering
approximately 1,700 active employees at five U.S. locations.
The Company and the union have agreed to recognize the existing
contract, which was set to expire on May 15, 2019, so negotiations can
continue. A new deadline has not been set.
Employees represented by the United Steelworkers will continue to work
under the terms of the extended contract at the five sites: Warrick
Operations in Indiana; Massena Operations in New York; Gum Springs in
Arkansas; Wenatchee Works in Washington and Point Comfort in Texas.
Most of those represented by the United Steelworkers work at Warrick
Operations’ aluminum smelter and rolling mill and at the Massena
Operations smelter. The Point Comfort alumina refinery and the Wenatchee
Works aluminum smelter are both fully curtailed.
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina, and
aluminum products, and is built on a foundation of strong values and
operating excellence dating back to more than 130 years to the
world-changing discovery that made aluminum an affordable and vital part
of modern life. Since developing the aluminum industry, and throughout
our history, our talented Alcoans have followed on with breakthrough
innovations and best practices that have led to efficiency, safety,
sustainability, and stronger communities wherever we operate. Visit us
online on www.alcoa.com,
follow @Alcoa on Twitter, and on Facebook at www.facebook.com/Alcoa.
Dissemination of Company Information
Alcoa Corporation intends to make future announcements regarding company
developments and financial performance through its website at www.alcoa.com.
The session may contain statements that relate to future events and
expectations and as such constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include those containing such words as
"anticipates,” "believes,” "could,” "estimates,” "expects,” "forecasts,”
"intends,” "may,” "outlook,” "plans,” "projects,” "seeks,” "sees,”
"should,” "targets,” "will,” "would,” or other words of similar meaning.
All statements that reflect the Company’s expectations, assumptions or
projections about the future, other than statements of historical fact,
are forward-looking statements. Forward-looking statements are not
guarantees of future performance and are subject to known and unknown
risks, uncertainties, and changes in circumstances that are difficult to
predict. Although the Company believes that the expectations reflected
in any forward-looking statements are based on reasonable assumptions,
it can give no assurance that these expectations will be attained and it
is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of risks
and uncertainties. Additional information concerning factors that could
cause actual results to differ materially from those projected in the
forward-looking statements is contained in our filings with the
Securities and Exchange Commission. The Company disclaims any obligation
to update publicly any forward-looking statements, whether in response
to new information, future events or otherwise, except as required by
View source version on businesswire.com: https://www.businesswire.com/news/home/20190516005631/en/