The United Steelworkers union (USW) on Thursday afternoon signed a tentative agreement to end a nine-week-old strike at Chevron Corp's Richmond, California, refinery, the company said.
The logo of Dow Jones Industrial Average stock market index listed company Chevron is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy NicholsonHOUSTON, May 26 - The United Steelworkers union on Thursday afternoon signed a tentative agreement to end a nine-week-old strike at Chevron Corp'sThe tentative pact must be ratifiedby a majority of the 500 members of USW Local 12-5 who walked off their jobs on March 21.
The package agreed to on Thursday contains the terms of the national agreement reached between USW International negotiators and refinery owners in February, which provides a 12% pay increase over four years, said sources familiar with the terms.A USW spokesperson declined to comment.
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