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December 24, 2006

Alcoa and UAW Reach Tentative Agreement

CLEVELAND--(BUSINESS WIRE)--Alcoa Inc and UAW Local 1050 have reached a tentative agreement for a new labor contract at Alcoa's Cleveland, Ohio facility. If ratified, the agreement would end a 7-week strike and employees would return to work on January 2, 2007.

The tentative deal carries the endorsement of the Union negotiating committee. Details of the agreement covering approximately 830 employees will be reviewed at Union ratification meetings to be held on December 27, 2006.