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Curtiss-Wright Workers OK Deal, Return To Work

Mon, 09/24/2012 - 2:11pm
The Associated Press

PARSIPPANY, N.J. (AP) — Curtiss-Wright Corp. said Monday that a strike at its flow control business' electro-mechanical division plant in Cheswick, Pa., has ended and the 300 union members involved have begun to return to work.

Contracts between the aerospace and defense supplier and the location's two local unions expired in August. The company reached a deal with the Association of Westinghouse Salaried Employees, which represents about 130 workers, without a strike in early September.

The 300 workers represented by the International Brotherhood of Electrical Workers, which went on strike after their contract expired in August, ratified a new contract on Friday, the company said.

As expected, Curtiss-Wright said the strike will have a "significant adverse impact" on its fiscal 2012 financial results, which the company said it plans to provide an update on in the "near future."

Curtiss-Wright Corp., based in Parsippany, N.J., has about 8,600 employees globally. In morning trading, the company's shares fell 19 cents to $32.61.

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