PIKETON, Ohio--(BUSINESS WIRE)--March 11, 2004--The United States Enrichment Corporation and the Paper, Allied Industrial, Chemical and Energy Workers (PACE) Local Union 5-689 at the Piketon, Ohio uranium enrichment plant have reached a new labor agreement two months ahead of the expiration of the existing contract. Union membership voted on Wednesday, March 10, to ratify a labor contract that will be in effect for six years.
Approximately 560 USEC employees are members of PACE Local 5-689. A majority of the membership approved the contract proposal.
"This ratification provides a building block for the future of the Piketon Plant," said Dan Minter, president, PACE Local 5-689. "We will work together to support the uranium enrichment industry and to ensure our nation's energy security well into the 21st century."
"The Union and Company representatives on the negotiating team did a wonderful job of working together to provide a quality package that is beneficial to both parties," said Pat Musser, general manager of USEC's Piketon plant. "This is a great achievement for our Piketon team."
The United States Enrichment Corporation is a subsidiary of USEC Inc. (NYSE:USU), a global energy company and the world's leading supplier of enriched uranium fuel for commercial nuclear power plants.
CONTACT:
USEC Inc.
Elizabeth Stuckle, 301-564-3399
or
Angie Duduit, 740-897-2457
or
PACE Local 5-689
Dan Minter, 740-289-2405
SOURCE: USEC Inc.