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Workers at US aluminum company Alcoa to end 8-week strike after contract ratified

Workers at US aluminum company Alcoa to end 8-week strike after contract ratified

Aluminum manufacturer Alcoa Inc. on Wednesday said about 830 hourly workers will return to their jobs Jan. 2 following an eight-week strike, after union members ratified a new four-year contract.
Salaried workers had been running the plant since employees belonging to the United Auto Workers Local 1050 began the strike Nov. 6.
The contract calls for annual wage increases and introduces a company match to Alcoa's 401(k) retirement investment plan. The new contract resolves issues over a wage and benefits package and health care, Alcoa said.
The agreement also begins a new attendance policy and limits the overtime available to workers.
Shares of Alcoa added 65 cents, or 2.2 percent, to close at $30.02 on the New York Stock Exchange.


Updated : 2021-06-19 14:35 GMT+08:00