U.S. aluminium giant Alcoa Inc (NYSE:AA) settled on a new four-year contract with the United Steelworkers Union.
Alcoa Inc. (NYSE:AA) company shares stood at 11.11 at the end of trading on 6/24/2010.
Alcoa Inc. (NYSE:AA) Make New Worker Contract
The new contract covers 5,400 employees at 10 plants in the US and stipulates that wages won’t increase in 2010 or 2011 but all departments will be eligible for pay raises up to 2.5 percent in 2012 and 2013.
Also in the works is a scheme where Alcoa Inc. (NYSE:AA) employees will contribute more to their healthcare plan.
If you believe this is a good time to make a play on the Alcoa Inc. (NYSE:AA) shares, make sure you make the trade at the right price. Finding a gap in the market or technical analysis can be a difficult task, but do consider the price history:
Last Price: 11.11
52 Week Low / High: 8.96 / 17.6
50 Day Moving Average: 12.21
6 Month Price Change %: -28.6%
12 Month Price Change %: 14.3%
We will continue checking the Alcoa Inc. (NYSE:AA) share price for changes over the next few weeks.
