Albemarle Corp. cuts more jobs following $1 billion loss during lithium market slump [Yahoo! Finance]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
The Charlotte-based chemical manufacturing company is eliminating up to 7% of its global workforce, representing 15% of non-manufacturing jobs, CEO Kent Masters said Thursday during the company's third-quarter earnings call. Albemarle has about 1,100 employees in Charlotte and Kings Mountain, and upwards of 8,000 workers globally, The Charlotte Observer reported in January. That means this round of job cuts could affect more than 500 employees. Albemarle officials did not respond to requests for comment, including how many jobs in the Charlotte region will be affected. It's the second round of layoffs this year at Albemarle. In January, the company detailed a more than $750 million cost-cutting plan , that included job cuts . The company refused to say how many but confirmed it did include layoffs in the Charlotte region. “We have eliminated nearly 1,000 roles, including all the actions announced this year,” Masters said Thursday during the call. The latest round of cuts wi
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News
- Albemarle (ALB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Albemarle (ALB) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Albemarle (ALB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Global Bromine Derivative Market to Reach USD 12,037.00 Million by 2034, Driven by Rising Demand in Flame Retardants and Water Treatment | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Albemarle Co. (NYSE: ALB) had its price target raised by analysts at Robert W. Baird from $79.00 to $103.00. They now have a "neutral" rating on the stock.MarketBeat
ALB
Earnings
- 11/6/24 - Miss
ALB
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form SC
- 12/5/24 - Form 144
- ALB's page on the SEC website