Alcoa prepared in case ABI contract talks fail
Oct 11, 2012 | 03:17 PM
| Suzy Waite
NEW YORK Alcoa Inc. is only offering contingent billet supply agreements to customers of its Aluminerie de Bécancour Inc. (ABI) smelter for 2013 as part of a precautionary measure in case labor contract talks at the Bécancour, Quebec, facility fail, sources told AMM.
This means that the contracts will be null and void if the United Steelworkers union does not reach a deal with the Pittsburgh-based aluminum producer by the Nov. 22 deadline, sources said.
Alcoa and the USW have met nearly 10 times since Sept. 11 to try to hash out a new agreement, which expires Nov. 22, a representative for USW Métallos in Quebec told AMM, adding that so far no resolution is in sight.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.