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Exxon And Union Discuss Terms

Benzinga

12 Views • Oct 11, 2021

Description

Exxon Mobil ($XOM@US) said Saturday that it’s working with the United Steelworkers on a labor contract that could get locked out workers back into a Texas refinery—a lockout that’s lasted 5 months. Exxon said, “Union provided a one-pager with 24 proposed items” that Exxon said would increase costs. Temporary workers are manning the refinery while 30% of workers represented by the union petitioned the U.S. National Labor Relations Board to force a vote that could remove the union. In spite of the news, Exxon stock rose two and a half percent on rising energy costs.

Keywords & Tags

#union #labor #commodities #Energy sector #oil #workers #demand #gas #Exxon Mobil #XOM #supply #contracts #temporary workers #Exxon #Discuss Terms #Locked Out #Refinery Workers #Seek New Deal #United Steelworkers #Texas refinery #petition #U.S. National Labor Relations Board #force a vote #Exxon stock #rising energy costs

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