Contract agreement reached between owners and workers at NY's Indian Point nuke plant
RYE BROOK, N.Y. - The owner of the Indian Point nuclear power plant says a contract agreement has been reached with its largest union, avoiding a strike or lockout.
Entergy Nuclear and Local 1-2 of the Utility Workers of America reached a tentative agreement early Saturday. The union's contract was to expire at midnight Friday, but that deadline was suspended amid the talks.
John Ventosa, site vice-president and Entergy's top official at Indian Point, said in a statement that the settlement "allows all our employees to focus on their continuing mission to safely provide affordable and reliable power to millions of New Yorkers every day."
Union spokesman John Melia confirmed a tentative settlement and said it benefits the workers, the union and Entergy.
Union members have to approve the deal in a vote expected within the next few weeks.
Read more Business News
- Parachutist hits houseVernon / N. Okanagan
- Boonstock liquor decision finalPenticton / S. Okanagan
- Disaster relief from stormKamloops
- Movie set burned in firePenticton / S. Okanagan
|QHR Technologies Inc||1.15||0.00|
|Anavex Life Sciences||0.265||-0.01|
|Copper Mountain Mining||2.97||+0.15|
|Sunrise Resources Ltd||0.02||-0.03|
|Mission Ready Services||0.19||+0.01|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...