The contract would have provided $118 million over three years.
Those contracts provided a 4.5 percent raise over 15 months.
But the contract also provided for a fifth 10-hour day if the company felt it was needed.
The contract provides for a maximum increase of 10 percent per year.
The contract would provide three annual raises of 5 percent each.
He said the contract would provide several hundred million dollars in revenues for the company.
Instead, the new contract will provide an increase of about 3 percent in the first year, bringing the average salary to $30,600.
Those contracts have provided the company with a solid base.
The new contracts will also provide the money to pay for the major building improvements required after 20 years.
Among the benefits the new contract provides is a mandatory 30-minute break after every two hours of work.