Stock Market News

Marathon’s Detroit refinery union workers go on strike

2024.09.04 17:51

By Nicole Jao and Mrinalika Roy

(Reuters) -Teamsters members working at Marathon Petroleum (NYSE:)’s Detroit refinery have gone on strike after months of pay- and safety-related negotiations with the company did not yield results, the company said on Wednesday.

“We are fully prepared and have implemented plans to continue safely operating the facility,” a Marathon spokesperson said in a statement.

The company does not anticipate the strike will cause supply disruptions.

Workers called for an economic strike following a nine-month negotiation and mediation with the company to reach a new labour agreement. The prior contract expired in January.

Teamsters local 283 represents 273 workers at the Detroit refinery, 95% of whom authorised the strike, the union said.

© Reuters. Workers on strike at Marathon Petroleum's (MPC.N) Detroit refinery walk the picket line in Detroit, Michigan, U.S., September 4, 2024.  REUTERS/Rebecca Cook

Marathon did not immediately say how many people it employed at the refinery.

Marathon’s Detroit refinery has a refining capacity of 140,000 barrels per day, processing sweet and heavy sour crude oils into products such as gasoline and distillates.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 63,107.91 0.60%
ethereum
Ethereum (ETH) $ 2,610.62 1.85%
tether
Tether (USDT) $ 1.00 0.07%
bnb
BNB (BNB) $ 603.16 1.34%
solana
Solana (SOL) $ 145.33 1.04%
usd-coin
USDC (USDC) $ 1.00 0.05%
xrp
XRP (XRP) $ 0.585033 0.41%
staked-ether
Lido Staked Ether (STETH) $ 2,610.20 1.55%
dogecoin
Dogecoin (DOGE) $ 0.107776 0.87%
the-open-network
Toncoin (TON) $ 5.51 2.91%
tron
TRON (TRX) $ 0.152261 0.31%
cardano
Cardano (ADA) $ 0.369195 3.70%
avalanche-2
Avalanche (AVAX) $ 27.14 1.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,072.87 2.10%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,939.86 0.46%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.92%
weth
WETH (WETH) $ 2,610.93 1.68%
chainlink
Chainlink (LINK) $ 11.43 0.48%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.58 0.51%
polkadot
Polkadot (DOT) $ 4.51 3.01%
near
NEAR Protocol (NEAR) $ 5.15 0.60%
dai
Dai (DAI) $ 1.00 0.05%
leo-token
LEO Token (LEO) $ 5.72 0.96%
uniswap
Uniswap (UNI) $ 6.84 0.37%
litecoin
Litecoin (LTC) $ 66.16 2.10%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,734.65 1.95%
internet-computer
Internet Computer (ICP) $ 8.98 5.87%
sui
Sui (SUI) $ 1.59 3.74%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.69 0.16%
bittensor
Bittensor (TAO) $ 557.69 3.60%
kaspa
Kaspa (KAS) $ 0.160974 3.09%
aptos
Aptos (APT) $ 7.74 1.54%
pepe
Pepe (PEPE) $ 0.000008 3.59%
monero
Monero (XMR) $ 167.93 3.51%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.10%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.401475 1.49%
blockstack
Stacks (STX) $ 1.92 5.00%
stellar
Stellar (XLM) $ 0.095567 0.51%
ethereum-classic
Ethereum Classic (ETC) $ 18.97 0.83%
immutable-x
Immutable (IMX) $ 1.75 5.26%
ethena-usde
Ethena USDe (USDE) $ 0.999715 0.05%
aave
Aave (AAVE) $ 164.90 4.49%
okb
OKB (OKB) $ 39.57 1.58%
render-token
Render (RENDER) $ 6.01 3.85%
crypto-com-chain
Cronos (CRO) $ 0.08436 2.00%
filecoin
Filecoin (FIL) $ 3.74 0.91%
arbitrum
Arbitrum (ARB) $ 0.59034 1.82%
hedera-hashgraph
Hedera (HBAR) $ 0.056333 0.12%
injective-protocol
Injective (INJ) $ 21.71 1.71%
mantle
Mantle (MNT) $ 0.623652 1.77%