Union at Albemarle Atacama plant rejects new contract offer, strike continues [Reuters]
Albemarle Corporation (ALB)
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Source: Reuters
Union at Albemarle Atacama plant rejects new contract offer, strike continues By Dave Sherwood 2 Min Read SANTIAGO, Sept 13 (Reuters) - A Chilean union at Albemarle Corp, the world’s top lithium producer, said on Monday it had rejected the company’s latest labor contract offer, leaving workers to continue a walk off that has extended for more than a month. 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 maintains the extended walk-off has yet to hit its output of lithium. The union said in a statement issued Monday that the latest deal offered nothing beyond two prior proposals that were also rejected. The union called the contract offer “discriminatory” and said it would only foster salary inequality among its workers. Albemarle told Reuters it regretted the union’s decision but rejected its claims of unfairness. “The
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News
- ALBEMARLE AND MARTIN MARIETTA SIGN INNOVATIVE AGREEMENT FOR BENEFICIAL USE OF MATERIAL FROM KINGS MOUNTAIN MINE [Yahoo! Finance]Yahoo! Finance
- ALBEMARLE AND MARTIN MARIETTA SIGN INNOVATIVE AGREEMENT FOR BENEFICIAL USE OF MATERIAL FROM KINGS MOUNTAIN MINEPR Newswire
- Albemarle Announces Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Albemarle Announces Quarterly DividendPR Newswire
- Albemarle Co. (NYSE: ALB) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $125.00 to $140.00. They now have a "hold" rating on the stock.MarketBeat
ALB
Earnings
- 5/1/24 - Miss
ALB
Sec Filings
- 5/10/24 - Form 8-K
- 5/9/24 - Form SD
- 5/1/24 - Form 10-Q
- ALB's page on the SEC website