Piedmont Lithium slashes more jobs as it seeks funding partner for Carolina mining project [Yahoo! Finance]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
The Belmont-based lithium mining company is cutting a total of 48% of its workforce this year, said Piedmont's Chief Financial Officer Michael White said Tuesday during the company's third-quarter earnings call. The latest round, which slashed another 32% of its remaining employees in various corporate roles, was made last month, Piedmont spokeswoman Erin Sanders told The Charlotte Observer. About half of the positions cut were remote out-of-state and the rest were based in Gaston County, she said. It's Piedmont's second round of layoffs this year. In February, Piedmont said it was cutting 27% of its employees as part of the company's $10 million cost-savings plan to reduce capital and operations spending. Piedmont had 60 employees before those layoffs. The number of Piedmont workers is now in the mid-20s, Sanders said, including attrition. The latest round of cuts increased the cost-savings plan to $14 million, White said. “While lithium markets remain challenging, we have bee
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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