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.
News Market Reaction – NHYDY
On the day this news was published, NHYDY gained 1.27%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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?
When will Hydro Sunndal resume operations?
Will there be delays in product shipping from Hydro Sunndal?
What parties were involved in the agreement to resolve the labor dispute?
What is the impact of the resolution on Hydro Sunndal's operations?
