This morning in metals news: Rio Tinto said it had reached an agreement with the union representing workers at its BC Works; the Census Bureau reported new orders for manufactured durable goods increased in August; and, lastly, oil prices rose last week.
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Rio Tinto, BC Works union reach deal
After a work stoppage at its BC Works, Rio Tinto announced it had reached an agreement in principle with the union representing workers there.
“Both parties are satisfied that the proposed Agreement will provide a foundation for respect in the workplace and underpin a competitive and sustainable future for BC Works, benefitting employees and their families, the company, and the broader community,” Rio Tinto said.
“In addition to the CLA, the parties have also reached an agreement in principle for a Memorandum of Understanding on a new way of working together and on a return to work protocol.”
About 900 workers went on strike at the plant in late July. The two parties returned to the negotiating table late last month.
BC Works has capacity of 329,000 tons of aluminum per year.