Westinghouse and Boilermakers Agree to New Contract

NEWINGTON, N.H.–(BUSINESS WIRE)–Today, Westinghouse
Electric Company announced that it has agreed to a new, three-year
contract with the International Brotherhood of Boilermakers, Iron
Shipbuilders, Blacksmiths, Forgers and Helpers (the Boilermakers) at the
Nuclear Components Manufacturing (NCM) facility in Newington, New
Hampshire.

The agreement is effective June 5, 2017 to May 3, 2020, and ends the
lockout that began on May 21. A total of 172 employees will return to
work beginning at 12:01 a.m. Monday, June 5.

“We are pleased that we have come to an agreement with the
Boilermakers,” said Mark Marano, Westinghouse chief operating officer.
“This agreement enables us to continue manufacturing the components
critical to the nuclear industry in New Hampshire. We believe this
competitive three-year contract is in the best interest of both
Westinghouse and the Boilermakers, and will continue our mutual success.”

Westinghouse began formal negotiations with the Boilermakers in April
for the contract that expired April 30, 2017. The company continued
discussions in good faith with the Boilermakers beyond the contract
expiration, allowing work to continue under an extension to the existing
contract. The lockout was invoked on May 21 after Westinghouse and the
Boilermakers could not agree on a new contract. Both sides continued
working toward a resolution, which resulted in the ratified contract
today.

Contacts

Westinghouse Electric Company
Sarah Cassella, +1 412-374-4744
Manager,
External Communications
[email protected]