Top lithium producer Albemarle, union in Chile reach agreement, ending strike [Reuters]
Albemarle Corporation (ALB)
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Source: Reuters
Top lithium producer Albemarle, union in Chile reach agreement, ending strike By Dave Sherwood 2 Min Read SANTIAGO, Sept 15 (Reuters) - Albemarle Corp, the world’s top lithium producer, said on Wednesday it had reached a labor contract deal with a union at its Atacama salt flat plant, ending a month-long strike that had inflamed tensions between workers and the company. The 135-member “Albemarle Salar” union, which comprises about half the workers at its key Salar production plant, went on strike in August after failing to reach a deal with the U.S.-based lithium miner. The company said in a statement that it had inked a new 36-month contract with the union and that workers would return immediately to the job. “The operations at the Salar plant today return to normality, with special emphasis on safety of workers while production returns to levels before the strike,” the company said. Throughout the strike, Albemarle maintained the extended walk-off had not hit its output of lithium
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ALB
Earnings
- 2/14/24 - Beat
ALB
Sec Filings
- 3/28/24 - Form 10-K/A
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- ALB's page on the SEC website