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Stock impact report

Marathon, Teamsters negotiations remain at standstill as strike enters third week [Yahoo! Finance Canada]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
By Nicole Jao NEW YORK (Reuters) - Marathon Petroleum and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant enters its third week. More than 200 Teamsters at Marathon's Detroit refinery called for an economic strike on Sept. 4 after nine months of pay- and safety-related negotiations and mediation with Marathon failed to reach agreement. The prior contract expired in January. "Unfortunately, the parties have not reached an agreement," a Marathon spokesperson said. Marathon representatives and the union had several negotiating sessions under a federal mediator, including this past Friday and Sunday. "We continue to be in regular communication with the federal mediator; however, at this time, no additional negotiation meetings are scheduled." Teamsters Local 283 represents 273 workers at the Detroit refinery, 95% of whom authorized the strike. Pres Show less Read more
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