Market Overview

USW Members Ratify New Madrid Labor Agreement

Noranda Aluminum Holding Corporation (NYSE: NOR) announced that on
Friday, September 7, 2012, United Steelworkers (“USW”) members at its
aluminum smelter in New Madrid, Missouri ratified a new five-year
contract. The contract covers approximately 80% of the workforce in New
Madrid.

“We deeply value our New Madrid employees, their families, and the
community,” said Layle K. “Kip” Smith, Noranda's President and Chief
Executive Officer. “We celebrate this new labor agreement because it
reflects the commitment to New Madrid's success demonstrated by the USW
and Noranda negotiating teams. It achieves Noranda's goals of rewarding
employees for their hard work, making the plant a safer place, and
accomplishing changes that are needed for Noranda to be sustainable

See full press release

Posted-In: News Guidance Global

 

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