Alamo Says Strike That Began On April 14, 2024 By Unionized Workers At Its Subsidiary, Gradall Industries, Located In New Philadelphia, Ohio, Has Ended
Portfolio Pulse from Benzinga Newsdesk
Alamo Group announced that the strike by unionized workers at its subsidiary, Gradall Industries, has ended. The workers and the company have agreed on a new five-year labor agreement.
May 20, 2024 | 8:26 pm
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Alamo Group (ALG) has resolved the strike at its subsidiary, Gradall Industries, by reaching a new five-year labor agreement with the unionized workers.
The resolution of the strike and the new labor agreement are likely to have a positive short-term impact on ALG's stock price as it ensures operational stability and labor peace at Gradall Industries.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100