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June 25, 2010

Alcoa Master Agreement Ratified

NEW YORK--Alcoa announced today that a new four-year contract covering 5,400 employees at 10 Company locations in the United States has been ratified by members of the United Steelworkers (USW).

“This new agreement is a good outcome for our employees, shareholders, customers and communities. We believe that this was a successful negotiations process, with contributions by both sides, and we are pleased that our employees ratified the contract,” said Mick Wallis, president of Alcoa North American Rolled Products and chair of the Company’s Employee Relations Council.

“Now that we have a new long-term agreement, we can focus our energy and efforts on meeting the challenges of our businesses and working together to build a better future for these plants.”

The new agreement was approved after voting yesterday.

The previous contract expired May 31. Alcoa and the USW reached a tentative agreement after two weeks of bargaining in May. More information about the negotiations can be found at www.alcoanegotiations.com.

About Alcoa

Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for eight consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.