BETHESDA, Md.--(BUSINESS WIRE)--June 25, 2003--USEC Inc. (NYSE: USU) and the Paper, Allied-Industrial, Chemical and Energy Workers (PACE) Local Union 5-550 at the Paducah, Kentucky uranium enrichment plant have reached a new labor agreement. Union membership voted today to ratify a labor contract that will be in effect for eight years.
Our focus going forward will be on reuniting our workforce and establishing a true joint venture based on our continuing fundamental principles of safety, reliability and efficiency. As we enter this important era of working together, we look forward to achieving our mutual goal of assuring that the Paducah plant remains competitive and strong in the global marketplace.
Union workers will return to work beginning tomorrow, June 26.
CONTACT: USEC
Elizabeth Stuckle, 301/564-3399
or
PACE
Leon Owens, 270/442-3668
Cell: 270/331-2935
SOURCE: USEC Inc.