New Union Agreement for Aker Philadelphia Shipyard

Aker Philadelphia Shipyard and the Philadelphia Metal Trades Council aannounced that a new collective bargaining agreement between the union and the shipyard has been ratified by the Philadelphia Metal Trades membership. The new agreement comes after months of determined negotiations between the yard and union leadership and will be effective through January 31, 2011. On the new agreement Dave Meehan, Aker Philadelphia Shipyard President and CEO, remarked, "Our union employees are the backbone of our shipyard, and their hard work and dedication to their crafts are evidenced in the ships we build. This agreement speaks to the commitment of both parties to work together building on our accomplishments to date and looking to the future. It provides a foundation for continuing our solid relationship through the entire ten tanker build program."