Connect with us

Hi, what are you looking for?

Stock

Marathon’s Detroit refinery union workers vote to ratify pay deal

(Reuters) -Teamster members working at Marathon Petroleum (NYSE:MPC)’s Detroit refinery have voted to ratify a seven-year collective bargaining agreement, three months after workers walked off the job, the union said on Sunday, in a post on X.

Over 200 Teamsters at Marathon’s Detroit refinery had called for the strike on Sept. 4 after months of pay and safety-related negotiations and mediations with the refiner yielded no results. The prior contract expired in January 2024.

Marathon Petroleum could not be immediately reached for comment outside business hours.

Marathon representatives and the Teamsters had several negotiating sessions under a federal mediator since workers went on strike.

The 140,000 barrel-per-day (bpd) Detroit refinery is one of Marathon’s 13 refineries with approximately 2.9 million bpd of crude oil refining capacity.

This post appeared first on investing.com

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com