(BRK.A), (BRK.B)
The strike is over at a Berkshire Hathaway-owned metals plant in upstate New York.
More than 200 workers at Berkshire Hathaway’s Specialty Metals spent three weeks walking a picket line. At issue were the long hours workers put in at the plant, which runs 24-hours a day, seven days a week.
Workers ratified a new contract on Saturday morning and they will be back to work as of Monday.
The Special Metals plant in New Hartford, New York, produces premium quality nickel base superalloys for both static and rotating aerospace and land-based gas turbine applications.
Specialty Metals is owned by Berkshire Hathaway’s Precision Castparts Corp., which is a global conglomerate operating in more than a dozen countries that manufactures complex metal components and products, high-quality investment castings, forgings and fastener systems for power generation, aerospace, space exploration, military and other mission-critical applications.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.