PITTSBURGH - Alcoa and the United Steelworkers of America Union (USWA) jointly announced today that they held constructive meetings today in Pittsburgh regarding grievances at Alcoa U.S. Master Agreement operating facilities, which have resulted in "five day notices". Both parties have agreed to meet again to continue discussions as soon as schedules can be arranged.

Union members at Alcoa plants in Alcoa, Tennessee; Evansville, Indiana; Rockdale, Texas; and Davenport, Iowa each asked for five days of talks with Alcoa management in July regarding grievances primarily involving subcontracting. The plants continue to operate as usual, meeting customer requirements.

A USWA-sponsored team has reviewed the grievances from the four facilities to determine common concerns and issues and that is the subject of the meetings between the two parties.

The five-day talk notices will continue to be on hold with no meetings scheduled. If Alcoa and the USWA are unable to reach agreement on the issues, the local union at each of the Alcoa plants can resume the normal process of five-day notice.

Alcoa Inc.

Alcoa Inc.

Alcoa (NYSE:AA) is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com

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