Nylon maker Solutia & its labor unions ratify CBAs
17 Sep '05
2 min read
Integrated family of nylon products provider Solutia Inc announced that each of its US labor unions has ratified new five-year collective bargaining agreements (CBAs) which set pension and health and welfare benefits for its employees who are represented by labor unions.
The agreements, which take effect January 1, 2006, provide for changes to pension and welfare benefits consistent with those Solutia had previously implemented for US non-union employees.
Jeffry N. Quinn, President and CEO, Solutia Inc said that the ratification of these agreements is a strong endorsement of the future of their company by a very important segment of their employees.
These changes will help us emerge from bankruptcy as a viable, well-positioned company. he would like to commend the union officers at each of their facilities for their leadership in working with us to build a Solutia that can achieve its ultimate potential.
James R. Voss, Senior Vice President of business operations included that the new agreements includes changes to their pension and employee welfare benefits that are necessary for Solutia to be cost competitive on a global basis, and to improve the future viability of their unionized facilities.
In an era when too often companies have an adversarial relationship with their unions in the courtroom or on the picket lines, they are pleased that their union memberships had the foresight to work with us and negotiate and ratify five-year agreements that are in everyone's best interests.
marketing@alchempro.com
