HOUSTON -- Dresser-Rand Group Inc., today confirmed that it has reached a tentative agreement with the USWA Local 4601 representing approximately 500 workers at its Olean, New York facility.
The agreement is subject to a ratification vote by its members, which we expect will take place by end of day on Monday, March 31, 2008. The Company will announce the results of the vote and provide further details at that time.
''The tentative agreement will not be final until a ratification vote by the members,'' said Daniel Wallace, Director Human Resources, North American Operations.
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries.
The Company operates manufacturing facilities in the United States, France, Germany, Norway and India, and maintains a network of 27 service and support centers covering more than 140 countries.
