Curtiss-Wright: strike will hurt 2012 results

Curtiss-Wright says strike at Pa. plant will likely significantly hurt fiscal 2012 results

Associated Press

PARSIPPANY, N.J. (AP) -- Aerospace and defense supplier Curtiss-Wright says an ongoing strike by union workers at a plant in Pennsylvania will likely significantly hurt its fiscal 2012 financial results.

It did not provide any specific details about the potential financial impact.

The company said Thursday that 300 employees belonging to the International Brotherhood of Electrical Workers are striking at its flow control segment's electro-mechanical division plant in Cheswick, Pa.

The plant has remained open despite the strike.

While the IBEW workers went on strike when their contract expired on Aug. 18, 130 employees that are part of the Association of Westinghouse Salaried Employees District 16, an affiliate of the Federation of Independent Salaried Unions, continued to work during the negotiation process. Curtiss-Wright has since reached a tentative deal with the AWSE.

Curtiss-Wright plans to provide further updates on the situation once the strike is over.

Curtiss-Wright Corp., based in Parsippany, N.J., has about 8,600 employees globally.

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