He bagged $28 million in two years for bad bets and backpedals Liontown merger in Australia — Thanks for the save, Gina! Mega-Flex facility in South Carolina — all flex, no follow-through. MinRes Wodgina deal? Too bad to be true. Kemerton Trains... — read more
Q1 2025 quarterly loss of $0.62 per share; Expect more cuts
Albemarle’s lithium segment generated $277,711 in net income when lithium carbonate prices were as low as $5.70. So how did the company manage to record a net loss of $1.2 billion in 2024, when prices were still above $10? Expect more cuts... — read more
Another round of layoffs?
I heard there were 100 new layoffs last week at ALB. Can anyone confirm this?
Kristin Coleman "in an involuntary termination not for cause situation."
Does anyone know the story behind this?
Do you have evidence of managerial misconduct? Claw back their pay
“misconduct” means: • any intentional misconduct by a participant, including misappropriation, fraud, embezzlement, unethical behavior, or theft, in connection with the participant’s duties to the Company, that causes, or is reasonably likely to... — read more
Kent Master made $ 14,368,498 in 2024!
This is the way to reward a great leader!
Layoffs are happening now.
They are doing group layoffs during Teams calls. I am impacted. Good luck to everyone.
Any info on coming layoffs?
Rumors are scarce. And we all are worried.
Albemarle Corp. cuts more jobs following $1 billion loss during lithium market slump
Albemarle Corp. — the world’s largest lithium miner — is taking additional cost-saving steps, including laying off hundreds employees, following a loss of more than $1 billion as lithium prices continue to fall. The Charlotte-based chemical... — read more
Reducing global workforce by 6-7% or ~15% of non-manufacturing workforce
Progressing comprehensive review of cost and operating structure
Whispers
So, who is hearing the whispers as to which groups are going to get cut the most?
20-30% cuts coming
Does nobody have any real details on what is about to go down?
Multiple Albemarle Corp. executives out as part of new operating structure
Two Albemarle Corp. executives are leaving the company later this year as part of a shift to a new operating structure. Kristin Coleman is out as the company's executive vice president, general counsel and corporate secretary, Albemarle (NYSE:... — read more
The ATP boss should be the next!
The exceptional leadership behind the Liontown acquisition and marketing have departed the company after receiving their bonuses. It's time to introduce a clawback clause in their contracts.
So, did the jobs end up in China?
Albemarle says help is needed to beat China Mining is famously cyclical, but that doesn’t make the downturns any more pleasant. At Charlotte’s Albemarle Corp., the struggles have gotten so serious that CEO Kent Masters is asking for the U.S., other... — read more
Jan cuts link
just want to leave this here for doc purposes: https://www.reuters.com/markets/commodities/albemarle-lays-off-4-its-total-workforce-information-2024-01-29/
Where Has All the Money Gone? Calling for SEC investigation
Greenbushes, the country’s largest and most lucrative lithium mine, recorded a profit of almost $6.3 billion in the 12 months to December 31, a significant increase from one year earlier even as the broader green metals sector struggles... — read more
Where Has All the Money Gone? (1) --- to ATP >$200 million
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced it has acquired a location in Charlotte, North Carolina, where it will invest at least $180 million to establish the Albemarle Technology Park... — read more
Eric Norris selling ALB since Nov 2022
Date Company Relation Transaction Ownership Type Shares Traded Price Shares Held Form 2/28/2024 ALBEMARLE CORP Officer Disposition (Non Open Market) Direct 743 $132.06 34,842 View 2/26/2024 ALBEMARLE CORP Officer Disposition (Non Open... — read more
Livent (Arcadium) layoffs?
I haven't heard of that! Both companies are caught in the EV bubble burst, but why should Albemarle's employees bear the brunt? Because livent didn't have the technology park, the failed Liontown M&A, the resource (Wodgina) for conversion... — read more
Masters' 2023 pay package totaled just over $14.47 million
The Charlotte-based lithium giant said in its proxy statement filed this week that Masters' 2023 pay package totaled just over $14.47 million. That figure came in several millions of dollars ahead of his 2022 compensation of $11.12 million, which was... — read more
Albemarle will pay Huntsman $665,000,000 in two equal installments
Under the agreement reached after discussions directly between the two companies' CEOs, Albemarle will pay Huntsman $665,000,000 in two equal installments, the first of which will be made before December 3, 2021, and the second one before May 2... — read more
3rd Round Layoffs Q3 2024
Will there be a 3rd Round of Layoffs Q3 2024?
Layoffs on 01/16/2024
Layoffs today in Charlotte, NC.
Albemarle Corp 2019
No cuts, adding people
Get ready for heavy hits
HR is working on restructuring plans, Albemarle still has issues and I heard we'll have to do major cost cutting (including resource reduction)...
2014 layoffs
heard rumors, any confirmation? i heard 2014 will be a pretty bad year for us...
2011 was bad
2011 was bad