Alcoa Workers Face Decision Deadline

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Hundreds of workers at Alcoa's two Massena plants will have until February 21 to decide whether to accept voluntary retirement incentives, severance packages or transfers to out-of-state plants.

The incentives are part of an agreement worked out between Alcoa and United Steelworkers Local 450-A and Local 420-A as the aluminum company prepares to close its Massena East plant.

Closing the plant means 264 unionized employees will lose their jobs. Union leaders are meeting with workers from both plants to go over the deal.

Alcoa is offering early retirement incentives of lump sum payments of $25,000, plus another $500 for each year worked at Alcoa. Workers who decide to quit or retire on April 1 would be paid later that month.

Workers already eligible for retirement would receive an extra two years added to their pension service and would receive a higher benefit payment.

Workers who decide to transfer to Alcoa plants in Washington, Texas, Iowa, North Carolina, Tennessee or Arkansas would be given a $15,000 stipend, plus another $500 for each year of service

Hourly workers tell 7 News that the more senior workers were satisfied with the incentives while younger workers with seniority are upset and frustrated.

Alcoa announced earlier this month that its permanently closing down the remaining two pot lines at the East plant.

See our story from Thursday.

Wednesday, November 26, 2014
, Watertown, NY

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