United Steelworkers-Represented Mill Workers Ratify Five-Year Agreement

[Earth Bound Misfit]

PITTSBURGH, Aug. 15 /PRNewswire-USNewswire/ -- Members of the United
Steelworkers Union (USW) ratified by an overwhelming margin a five-year
master global agreement for economic and security with Packaging
Corporation of America (PCA) that covers over 1,200 workers at paper mills
in Valdosta, Ga., Counce, Tenn., Filer City, Mich., and Tomahawk, Wis.


The global agreement sets key economic and security terms. During local
bargaining, no changes can be made to local union contracts unless they are
mutually agreed to by the local union and the company. Local union
contracts are five years in length.

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Upon expiration of the local union contract, wages are increased 2.5%
the first and second years, 2.75% the third year and 3% each of the
remaining two years, and the defined benefit pension is increased $6 per
year of service immediately. There is also a provision for 401(k) loans.
The current health care plan and premium contributions are locked in for
the life of the current and next local union agreements.

--snip--

"This agreement provides a new level of security for workers, and that
is becoming increasingly important in this era of sale, merger and
acquisition," said USW International Vice President Jon Geenen.

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