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 | November 15, 2006
Alcoa and GCC/IBT Reach Labor Agreement
RICHMOND, Va.--(BUSINESS WIRE)--Alcoa Packaging and the Graphic Communications Conference of the
International Brotherhood of Teamsters (GCC/IBT) have reached an
agreement on a new 5 year labor contract covering approximately 200
Alcoans at the company’s Grottoes Plastics
Plant in Grottoes, Virginia.
The new agreement, ratified by GCC/IBT members Friday, November 10,
addresses key issues identified by both sides during negotiations. The
agreement creates a framework that:
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Preserves the current standard of living for current employees through
a competitive wage and benefits package;
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Includes a health care plan that has cost sharing similar to other
Alcoa locations; and
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Gives the flexibility to make decisions together with the GCC/IBT that
can make the facility more competitive, which improves employment
security for all.
About Alcoa Packaging
Alcoa Packaging, based in Richmond, Virginia, manufactures a variety of
packaging materials including extrusion and adhesive laminated pouch
materials, overwraps and linerstock, blister lidding foil, thermoformed
trays, cable wrap, plastic shrink sleeve body labels, shrink film and
laminated foil. These packaging materials serve the world’s
leading consumer products manufacturers within the pharmaceutical,
medical, food & beverage, and industrial markets.
About Alcoa
Alcoa (NYSE:AA) is the world's leading producer and manager of primary
aluminum, fabricated aluminum and alumina facilities, and is active in
all major aspects of the industry. Alcoa serves the aerospace,
automotive, packaging, building and construction, commercial
transportation and industrial markets, bringing design, engineering,
production and other capabilities of Alcoa's businesses to customers. In
addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap® foils
and plastic wraps, Alcoa® wheels, and Baco®
household wraps. Among its other businesses are closures, fastening
systems, precision castings, and electrical distribution systems for
cars and trucks. The company has 129,000 employees in 43 countries and
has been named one of the top most sustainable corporations in the world
at the World Economic Forum in Davos, Switzerland. More information can
be found at www.alcoa.com
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