Todd Shipyards Corporation Announces Ratification of Labor Contract with Metal Trades Council
Todd Shipyards Corporation announced that its wholly owned subsidiary, Todd Pacific Shipyards Corporation, has reached an agreement with the Puget Sound Metal Trades Council for a new five-year collective bargaining agreement. The Agreement was ratified by the employees of Todd by more than a 2-1 margin. Todd’s employees are represented by eleven local unions that negotiate under the umbrella of the Puget Sound Metal Trades Council. The Agreement calls for an average increase of 4.5% per year to be applied to wages, health care and pension. Todd’s workforce had been operating under an extension of the old collective bargaining agreement since its expiration on July 31, 2008. The new Agreement will expire July 31, 2013.
Todd performs repair and maintenance work on commercial and federal government vessels and provides new construction and industrial fabrication services for a wide variety of customers. Its customers include the U.S. Navy, the U.S. Coast Guard, NOAA, the Washington State Ferry system, the Alaska Marine Highway System, and various other commercial and governmental customers. Todd Shipyards Corporation has operated a shipyard in Seattle since 1916.