Norsk Hydro: Labor dispute between Industri Energi and Norsk Industri has ended

Rhea-AI Summary

Industri Energi and Norsk Industri have reached an agreement to resolve the labor dispute concerning the Electrochemical Agreement.

The strike at Hydro Sunndal has been called off immediately, allowing normal operations to resume starting tomorrow. This includes the shipping of products to customers, with expected minor delays.

Positive

• Labor dispute resolved, allowing Hydro Sunndal to resume normal operations.
• Immediate resumption of product shipping to customers.

Negative

• None.

Industri Energi and Norsk Industri have today agreed on a solution to the labor dispute regarding the revision of the Electrochemical Agreement. The strike at Hydro Sunndal will be called off with immediate effect.

Hydro Sunndal will resume normal operations from tomorrow and shipping of products to customers will resume. Potential delays to customers are expected to be minor.

Investor contact:
Line Haugetraa
+47 41406376
Line.Haugetraa@hydro.com

Media contact:
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com

FAQ

What was the labor dispute about at Hydro Sunndal?

The labor dispute at Hydro Sunndal was regarding the revision of the Electrochemical Agreement.

When will Hydro Sunndal resume operations?

Hydro Sunndal will resume normal operations starting tomorrow.

Will there be delays in product shipping from Hydro Sunndal?

Potential delays in shipping products to customers are expected to be minor.

What parties were involved in the agreement to resolve the labor dispute?

The parties involved in the agreement are Industri Energi and Norsk Industri.

What is the impact of the resolution on Hydro Sunndal's operations?

The resolution allows Hydro Sunndal to call off the strike and resume normal operations and product shipping.