- The possibility of a strike is increasingly likely at Marathon Petroleum's (NYSE:MPC) 102K bbl/day St. Paul Park refinery in Minnesota after the company's labor contract expired at midnight on Thursday without a resolution.
- Nearly 200 refinery workers represented by the Teamsters union voted last month to authorize a strike if they could not reach an agreement on a new Marathon contract by year-end 2020.
- The Teamsters object to the company's proposal to replace a number of union jobs with non-union subcontractors at the refinery, according to a local union official.
- Marathon Petroleum is an excellent long-term investment candidate after reporting a better than expected adjusted loss in the most recent quarter, Fun Trading writes in an analysis posted recently on Seeking Alpha.
Strike looms at Marathon's St. Paul Park refinery
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Symbol | Last Price | % Chg |
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MPC | - | - |
Marathon Petroleum Corporation |