HOUSTON (Reuters) - Workers represented by the United Steelworkers union (USW) at Exxon Mobil Corp’s Baytown, Texas, refinery ratified a new three-year contract on Tuesday night, a company spokesman said.
The contract provides a 2.5% pay increase in the first year and 3% pay increase for the second year, said sources familiar with the agreement. The pay increase in the third year will match the increase agreed to in a new national pattern agreement to be worked out between the USW and oil companies in January 2022, according to the sources.
“We are pleased with this successful outcome and settlement of the contract for the Baytown Refinery,” said Exxon spokesman Jeremy Eikenberry. “We believe this agreement is mutually beneficial for both the union workers and the company.”
The Baytown refinery is Exxon’s largest refinery in the United States.
(This story corrects pay increase percentages, 2.5% instead of 2% and 3% instead of 2.5% in paragraph 2)
Reporting by Erwin Seba; Editing by Chizu Nomiyama and Grant McCool