United Steelworkers (USW) union-represented employees of Alcoa's primary aluminum smelters in Massena, New York, and Warrick, Indiana, ratified a new labor contract days before the current one's 15 June expiration.
The agreement will be in effect until May 2030 and will include a four-year, 18.7pc wage increase, Alcoa told Argus on Friday.There will be a $2,000 ratification bonus and pension increases.
Massena union members in early May rejected an agreement, citing employee dissatisfaction with wages, and agreed to a 30-day contract extension. The USW proposed a strike authorization vote on 15 June.
"We appreciate the efforts of everyone involved in the negotiation and ratification process and remain focused on maintaining safe and reliable operations while serving our customers and communities," Alcoa told Argus.
