Originally Posted By: LTVibe
Latest News - No Strike
Quote:
Feb. 8 (Bloomberg) -- Valero Energy Corp., the largest U.S. refiner, said it reached a tentative labor agreement with the Steelworkers Union at its Port Arthur, Texas, refinery, the company’s biggest.
All five Port Arthur unions have now signed agreements with Valero, “and we expect that all the tentative agreements will be voted on by the union membership late next week,” said Bill Day, a spokesman for Valero.
That does not mean that there will be no strikes, just not a strike at the Valero facility in Port Arthur. Here's how it works. The USW & a major oil company (Shell this time) negotiate what is called a "Pattern Agreement" for wage increases and other items.
Management at other sites with a USW represented workforce then choose to accept or reject the pattern agreement. If a company decides to accept the pattern agreement, which is often called a "Me Too", each site will hold negotiations on the local issues. If a tentative agreement is reached on the local issues, the membership will hold a ratification vote. If the vote passes, the represented workforce will have a contract for the next three years.
It is my understanding that several companies have decided not to accept the terms of the pattern agreement. If this is the case, there could still be work stoppages.