Home / Business and Economy / Chile Lithium Strike Averted: Wage Deal Reached
Chile Lithium Strike Averted: Wage Deal Reached
9 Sep
Summary
- Albemarle Corp. reached a preliminary wage agreement with union leaders.
- The deal was struck on the final day of mediated talks.
- Union members will vote on the agreement starting Wednesday morning.
A potential strike at top lithium supplier Albemarle Corp. in Chile has been averted. The company's union leaders and management reached a preliminary wage agreement on the final day of mediated negotiations. This breakthrough occurred just before a walkout was scheduled to commence.
The accord, however, is not yet finalized. It is pending ratification by the union's members. Voting on the proposed terms is set to begin at 9:30 a.m. local time on Wednesday. The outcome of this vote will determine whether the agreement is formally accepted and a strike is fully avoided.
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