Tennessee Business: Alcoa, Inc.
4:00 pm
Mon May 19, 2014

Alcoa, Inc. Reaches Tentative Agreement With USW

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Aluminum giant Alcoa, Incorporated has reached a five-year agreement with the United Steelworkers union that should avoid the possibility of a strike. 

The agreement would cover about 6,000 USW members at Alcoa plants in eight states, including the Blount County plant in Tennessee.

The agreement includes a 2.5% raise each of the first three years; a 3% raise each of the last two; and a five-year cap on health insurance premiums.

Meetings to explain the agreement are next, followed by votes by individual locals on whether to ratify it.