ST. LOUIS, Sept. 29 /PRNewswire/ -- Solutia Inc. announced today that five of its North American labor unions, representing approximately 425 employees at four manufacturing locations, have ratified agreements covering items such as health and welfare benefits. The previous contract was scheduled to expire December 31, 2010. Under the new agreements, these benefits will be negotiated as part of each union's local collective bargaining agreement. None of those agreements carry a common expiration date.
(Logo: http://photos.prnewswire.com/prnh/20081029/AQW096LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO)
"This is a positive outcome for Solutia's employees, communities and shareholders. The relationship between the Company and its represented workforce remains one of open and constructive communication, and the outcome of this process is certainly reflective of the productive working relationship we have with the union leadership throughout North America," said James R. Voss, executive vice president and chief operating officer for Solutia. "Now that we have these new agreements in place, we can continue focusing on our commitment to operational excellence, safety and productivity, while delivering superior technical service and innovative products to our customers."
More information about Solutia and its global operations is available at http://www.solutia.com/ .
Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex(R) polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and Vistasolar(R) ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar(R), Vista(TM), EnerLogic(TM), FormulaOne(TM), Gila(R), V-Kool(R), Huper Optik(R), Sun-X(R) and Nanolux(R) aftermarket performance films for automotive and architectural applications; Flexvue(TM) advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex(R) insoluble sulfur, Santoflex(R) PPD antidegradants, Therminol(R) heat transfer fluids and Skydrol(R) aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,400 employees in more than 50 worldwide locations. More information is available at http://www.solutia.com/ .
http://photos.prnewswire.com/prnh/20081029/AQW096LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Solutia Inc.
CONTACT: Media, Melissa Zona, +1-314-674-5555, or Investors, Susannah
Livingston, +1-314-674-8914, both of Solutia Inc.
Web Site: http://www.solutia.com/
