CHARLESTON, W.Va. -- Leaders from Constellium Rolled Products released details Friday night of the latest contract offer to United Steelworkers Local 5668 members, who have been on strike at the company's Ravenswood plant since Aug. 5.
The company is offering a $7,500 signing bonus and a 2.5 percent wage increase for each year of the contract, according to a statement on its website.
It also offered a 95/5 health-care plan beginning in 2013 and, starting in 2017, weekly employee contributions toward health-care premiums that are "significantly less than half of the national average -- only $17.31 per week for family coverage," Constellium said in the statement.
The offer also includes a potential $1,000 health-care cost-containment bonus starting in 2017, the company said.
Under the revised health-care plan, employees would pay 5 percent of their health-care expenses, which improves over the offer of a 10 percent share the company made Aug. 1.
The earlier offer also included a $7,000 signing bonus for workers.
The union is expected to schedule a membership ratification vote on the offer. The revised offer will expire at midnight Sept. 15, Constellium officials said in the statement.
Randy Moore, subdistrict director for Local 5668, told the Gazette last month that changes Constellium demanded in its health insurance plan were the major factor leading to the breakdown in negotiations for a new five-year contract.
On Wednesday, Gov. Earl Ray Tomblin sat down with officials from both Constellium and the union to discuss how to end the strike.