Detroit Refinery Strike Ends with Victory for Workers – Inside the New Deal at Marathon Petroleum
Daniel Kim Views
Marathon Petroleum has successfully resolved its months-long labor dispute, announcing a new agreement with union workers at its Detroit refinery.
The company confirmed on Tuesday that members of the Teamsters union voted to ratify a seven-year collective bargaining agreement.
A company spokesperson stated that they have already begun the process of safely returning their employees to the refinery.
This agreement comes three months after workers began their strike on September 4. The dispute arose after months of failed negotiations over wages and safety concerns. The workers’ previous contract expired in January.
Since the walkout began, Marathon officials and Teamsters representatives have engaged in multiple negotiation sessions with the assistance of a federal mediator.
The Detroit refinery, with a daily processing capacity of 140,000 barrels, is one of the 13 refineries in Marathon’s extensive network. The company’s total crude oil refining capacity is approximately 2.9 million barrels per day.
Despite the labor dispute resolution, Marathon Petroleum’s stock saw a slight decline, dipping less than 1% to close at $145.56.
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