In response to Armstrong World Industries’ (NYSE: AWI) announcement that it will add $60 million in stock to its Executive Long Term Incentive Program and increase cash payouts up to $5 million per participant, the United Steelworkers (USW) today accused the company of forcing concessions on current workers and retirees to reward the company’s top corporate bosses with millions of dollars in potential incentive compensation.
USW Local 285-441 President John Bevel said that in order to add real value to the company, Armstrong should end the unfair lockout at its ceiling plant in Marietta, Pa. and negotiate in good faith for fair contracts with its USW represented employees in Lancaster, Pa. and Macon, Ga. ... more
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