Momentive Announces Tentative Agreement with IUE-CWA
WATERFORD, N.Y. (February 9, 2017) - MPM Holdings Inc. ("Momentive" or the "Company") today announced that at the conclusion of several constructive meetings over the past few days, Momentive representatives and CWA executive leadership reached a tentative agreement for a new national contract. This tentative agreement is fully endorsed by the IUE-CWA, the presidents and executive boards of the Local Unions (81359, 81380 and 84707), and Momentive. Union membership will have the opportunity to vote on the tentative agreement early next week.
Jack Boss, President and CEO of Momentive said, "We believe this agreement provides a fair, market competitive package for our employees and their families while allowing Momentive to remain competitive. With the endorsement of CWA leadership and the local Union presidents, we look forward to ratification of the agreement so that we can work together to serve our customers and build a stronger Momentive."
Momentive expresses gratitude to New York State Governor Andrew Cuomo, Comptroller Tom DiNapoli, Senators Schumer and Gillibrand, and numerous State Senators and Assembly members for encouraging the recent constructive meetings with CWA leadership, in addition with the local Union presidents, which resulted in bringing about the agreement.
Momentive is a global leader in silicones and advanced materials, with a 75- plus year heritage of being first to market with performance applications that support and improve everyday life. Momentive delivers science-based solutions for major industries, by linking its custom technology platforms to allow the creation of unique solutions for customers. Additional information is available at www.momentive.com.
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