Categories: Stock Market News

Marathon, Teamsters attain pay deal at Detroit refinery


(Reuters) -Teamsters members working at Marathon Petroleum (NYSE:MPC)’s Detroit refinery have voted to ratify a seven-year collective bargaining settlement, the corporate and the union mentioned on Sunday, three months after staff walked off the job.

“The method to soundly welcome our staff again to the refinery is already in progress,” the Findlay, Ohio-based firm mentioned.

Over 200 Teamsters at Marathon’s Detroit refinery had referred to as for the strike on Sept. 4 after months of pay and safety-related negotiations and mediations with the refiner yielded no outcomes. Their earlier contract expired in January this 12 months.

Marathon representatives and Teamsters had a number of negotiating classes beneath a federal mediator since staff went on strike.

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

admin

Share
Published by
admin

Recent Posts

Simply Eat Takeaway.com agrees €4.1bn takeover

Simply Eat Takeaway.com has agreed a takeover by a Dutch-based expertise investor which says it…

34 minutes ago

Cash weblog: ‘I work 34 hours per week, end at 1.30pm repeatedly – and that is easy methods to ace the hardest manoeuvre’ | Cash Information

By Brad Younger, Cash function authorIncreased taxes, smaller pensions, weaker public companies, an older retirement…

2 hours ago

Russian oligarchs with hyperlinks to Kremlin face UK ban underneath new sanctions

Russian oligarchs with hyperlinks to the Kremlin can now be banned from the UK, the…

2 hours ago

Oil Speculators Flip Bitter as Bullish Wagers Get Trimmed Again

(Bloomberg) -- Hedge funds are turning much less optimistic on crude oil’s prospects, trimming net-bullish…

5 hours ago

Aluminum Rally Fades as Merchants Weigh Indicators of Weak US Economic system

(Bloomberg) -- Aluminum prolonged its retreat from an eight-month excessive as sentiment remained cautious following…

6 hours ago

British tech star Quantexa in talks to safe new funding

An information analytics firm which has grow to be one in all Britain's hottest expertise…

13 hours ago