Weyerhaeuser Company announced the successful resolution of a work stoppage involving members of the International Association of Machinists and Aerospace Workers union in Oregon and Washington. Weyerhaeuser has approximately 1,200 employees who are members of IAM, including employees in the company's Wood Products and Timberlands organizations, and the approval of a new contract will result in the restoration of operations at all sites.
Included in the tentative deal is the largest wage increases Weyerhaeuser woodworkers have seen in a four-year deal, a better shift differential, improved vacation, and fewer cuts than what the company was originally offering. The agreement puts strong caps on what employees’ healthcare costs will be, with no increases over the course of the contract.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. The Company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.
