Workers voted Wednesday on the third and final contract offer made by Constellium on Sept. 5. The offer provides employees with a $7,500 ratification bonus, 2.5 percent wage increases in each year of the contract, and other economic benefits.
This offer includes a 95 / 5 health care plan that pays for 95 percent of covered health care costs, according to a statement from the company. Employees will not pay for health care premiums until 2017.
In 2017, the statement added, the health insurance rates will still be "significantly less than half of the national average-only $17.31 per week for family coverage."
Workers make about $19 an hour, but that's less than the hourly wages for workers at similar plants in the country. The union has said it made "large concessions" in wages to keep a good health plan.
"We believe the new contract provides a solid foundation on which we can continue to build Ravenwood's future," said Ravenswood CEO Kyle Lorentzen on Thursday.
"This five-year agreement provides employees with generous pay increases, families with affordable health care coverage, and the facility with much-needed control over runaway health care costs. We appreciate everyone's assistance in getting this contract approved."In statements released Wednesday evening, Sens. Joe Manchin and Jay Rockefeller and Gov. Earl Ray Tomblin praised the vote.
"I am extremely pleased today to see these West Virginians and this company come together around a fair deal," Manchin, D-W.Va., said. "Today's agreement means that we can keep good-paying jobs and make the company successful - which will help create more even good jobs down the road. This is truly a great day for Ravenswood, Jackson County and all of West Virginia."
"I am extremely pleased the members voted to ratify the contract this evening. I want to thank both the company and the union for their hard work in resolving the work stoppage," said Tomblin. "It will be great to see the workers back at the plant soon."
"I communicated to both sides throughout these negotiations, and I'm glad that all parties kept working toward a solution," Rockefeller, D-W.Va., said. "I applaud the workers, the union, and the company today, and I look forward to seeing production resume on the great work that only this Jackson County facility can produce for our country."