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
- 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