Teamsters Agree to New Waste Management Contract

Los Angeles Area Employees Approve New Five-Year Contract


LOS ANGELES, Oct. 31, 2007 (PRIME NEWSWIRE) -- Teamsters Local 396 ratified a new five-year contract agreement with Waste Management (NYSE:WMI) of the Greater Los Angeles Area ending a strike that Teamsters rank and file began on Oct. 19, 2007, the company announced today.

The new contract covers 470 drivers, mechanics, and bin shop personnel who provide solid waste collection, recycling, and processing services for greater Los Angeles County.

The new contract approved today is identical to the offer made by Waste Management and endorsed by union leadership prior to the strike.

"We are glad the employees have accepted our contract offer today," said Kit Cole, spokesperson for Waste Management. "We are pleased that we have reached an agreement and can focus on providing service to our customers."

Waste Management is the leading provider of comprehensive waste management services in North America. Its subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. The Company is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Waste Management customers include residential, commercial, industrial, and municipal customers throughout North America. Find out more about Waste Management at www.wm.com

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