Alcoa to Acquire Traco
Members of Alcoa’s largest union have ratified a new four-year contract that will pay them more money but will raise health-care policy premiums. The Steelworkers Union and Alcoa said that the agreement was approved, covering at least 5,400 employees at 10 locations across the U.S. The agreement was tentatively approved June 1 after about six weeks of negotiations and will expire in May 2014. Alcoa has about 59,000 employees in 31 countries.