Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” “Summit Inc.” or the “Company”), a leading vertically integrated construction materials company, announces that its subsidiary, Continental Cement Company, LLC (“Continental Cement”) has successfully completed negotiations with the United Steelworkers Local 11-205 (“Union”) on a new, mutually agreeable Collective Bargaining Agreement (“CBA”) at its Hannibal, Missouri, cement plant. The CBA extends through April 2027. “Continental Cement is thrilled to have the union membership ratify the new CBA, which we believe provides a compelling opportunity for our hourly employees,” commented David Loomes, Continental Cement President. “We thank the Union, the negotiating committee, hourly employees and the Plant Leadership Team for their role in the process and helping reach this outcome after a long and often intense negotiation process. We are proud to serve the community and to provide secure, well-paying jobs for our hourly and salaried employees. Most importantly, we are proud of our safety record and improved relationship with regulators – both of which are non-negotiable core values for CCC / Summit Materials.”
Summit Materials Continental Cement Company Successfully Concludes Negotiations of New Collective Bargaining Agreement with Union Employees at its Hannibal Plant
Mar 02, 2023
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