LAFAYETTE, Ind. (WLFI) — Arconic employees are accepting their new contract after months of negotiating.
They are a part of the United Steelworkers and more specifically the Local 115 chapter.
Their president, Spencer Buchanan said the new contract will last three years.
In a text with News 18, Buchanan said, "Employees are relieved and most importantly thankful for the support from the local community and the ability to provide security to our retirees."
As we previously reported, USW members said the reason for the contract disputes were because Arconic was trying to cut benefits. They said there were problems with their pensions as well.
Buchanan said the goal was for everyone within the company to get on the same page and fight for a fair contract.
Arconic management officials reached out to News 18 with a statement on the newly accepted contract. They said:
"We are pleased that our USW represented employees at Arconic’s master contract locations ratified the three-year agreement on July 11. The new collective bargaining agreement covers about 3,400 employees and runs through May 15, 2022."
There are about 750 USW members in Lafayette.
Voting took place at the local union and went until 8:00 p.m. Thursday.
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