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
Check Earnings Report
US:NYSE Investor Relations:
investors.albemarle.com
Company Research
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
Show less
Read more
Impact Snapshot
Event Time:
ALB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALB alerts
High impacting Albemarle Corporation news events
Weekly update
A roundup of the hottest topics
ALB
News
- 2024 Industry Research Report: Global Salt Brines Market Poised for Robust Expansion, Projected to Hit US$359.1 Million by 2030 [Yahoo! Finance]Yahoo! Finance
- Albemarle: Troubles Persist, Best To Stay Away [Seeking Alpha]Seeking Alpha
- Have lithium prices bottomed yet? [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Albemarle: West Cannot End Reliance On China's Critical Minerals [Yahoo! Finance]Yahoo! Finance
- United States $966.32 Mn Polymer Stabilizer Market to 2029 with ADEKA, BASF, Songwon Industrial, Albemarle, and Clariant International Dominating [Yahoo! Finance]Yahoo! Finance
ALB
Earnings
- 11/6/24 - Miss
ALB
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/19/24 - Form 3
- ALB's page on the SEC website