Norsk Hydro: Labor dispute between NHO and LO has ended

Rhea-AI Summary

The Norwegian Labor Union (LO) and The Confederation of Norwegian Enterprise (NHO) have resolved the labor dispute that initiated a strike on April 17. Operations at Hydro Karmøy and Hydro Årdal will return to normal, and product shipping to customers will resume. The financial impact on the company and potential delivery delays are anticipated to be minimal.

Positive

• Labor dispute resolution allows Hydro Karmøy and Hydro Årdal to return to normal operations.
• Limited financial consequences expected from the labor dispute.

Negative

• Potential for small delivery delays to customers remains.

The Norwegian Labor Union (LO) and The Confederation of Norwegian Enterprise (NHO) have agreed today on a solution to the labor dispute that led to a strike on Monday, April 17.    

Hydro Karmøy and Hydro Årdal will resume normal operations and shipping of products to customers will be resumed. The financial consequences for the company and delays to customers are expected to be limited.  

  

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

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

FAQ

What was the outcome of the labor dispute involving NHYDY on April 17?

The labor dispute has been resolved, and operations at Hydro Karmøy and Hydro Årdal will resume.

How will the labor dispute affect NHYDY's operations?

Operations will return to normal, with product shipping resuming to customers.

What are the financial implications of the labor dispute for NHYDY?

The financial consequences are expected to be limited.

Will there be delays in product delivery for NHYDY due to the labor dispute?

Yes, there may be small delivery delays to customers.