Weyerhaeuser Co. said Friday that the labor strikes affecting its operations in Oregon and Washington have been resolved after the company approved a new contract with union workers.þþThe forest-products manufacturer and distributor said the work stoppage involved about 1,200 employees and members of the International Association of Machinists and Aerospace Workers.þþChief Executive Devin W. Stockfish said he believed the new contract offers Weyerhaeuser workers competitive wages and benefits.þþThe work stoppage began in mid-September.þþA representative for the union confirmed Friday that a contract has been approved and that the strike has ended.þþThe union said earlier this week that it had reached a tentative agreement with the company that includes the largest wage increases Weyerhaeuser woodworkers have seen yet in a four-year deal, along with better shift differential, improved vacation and fewer cuts than had previously been on the table.
Source: marketwatch.com
