USW Announces Tentative Agreement with Arconic on Four-Year Contract

Rhea-AI Summary

The United Steelworkers (USW) announced a tentative four-year master contract with Arconic (NYSE: ARNC) covering 3,400 workers across multiple locations, including Davenport, Iowa, and Alcoa, Tennessee. The agreement, praised by USW District 11 Director Emil Ramirez, includes a 20% wage increase, no premium increases for healthcare, and improved pension benefits. Martin Luther King Jr. Day will be added as a holiday. The USW members will discuss the terms and are recommended to ratify the agreement.

Positive

• 20% wage increase over the term of the contract.
• No premium increases for current health care coverage.
• Improvements in pension benefits.
• Addition of Martin Luther King Jr. Day as a holiday.

Negative

• None.

PITTSBURGH, May 15, 2022 /PRNewswire/ -- The United Steelworkers (USW) today said that the union has reached a tentative agreement on a new, four-year master contract with Arconic (NYSE: ARNC) covering roughly 3,400 workers in Davenport, Iowa; Alcoa, Tenn.; Lafayette, Ind.; and Massena, N.Y.

The union has reached a tentative agreement on a new, four-year master contract with Arconic.

USW District 11 Director Emil Ramirez, who chaired the negotiations, said the tentative agreement features substantial wage and benefit improvements for all Arconic employees.

"For their outstanding work throughout the pandemic and beyond, USW members have earned and deserve a fair agreement," Ramirez said. "The unity and solidarity of our membership across all of the Arconic locations enabled us to negotiate improved security for our earnings, benefits and jobs in this contract."

The USW said that the proposed new contract increases wages by 20 percent over its term, maintains the current health care coverage with no premium increases, improves pensions and includes the addition of Martin Luther King Jr. Day as a holiday.

Members of the USW committee will now return to their locals to discuss the terms of the proposed agreement with workers with the unanimous recommendation that it be ratified.

The USW represents 850,000 men and women employed in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply and the energy-producing industries, along with a growing number of workers in tech, higher education, public sector and service occupations.

More information, contact: Tony Montana – (412) 562-2592 or tmontana@usw.org

 

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SOURCE United Steelworkers (USW)