Topics regarding layoffs at Albemarle Corp.

Topics regarding layoffs at Albemarle Corp.

Double Down Disaster: Kent Masters

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 

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Post ID: @OP+1jv8cq4g3

Whispers

So, who is hearing the whispers as to which groups are going to get cut the most?

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/

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Post ID: @OP+1tZFELPV

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 

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Post ID: @OP+1t77hx51

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 

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Post ID: @OP+1t62XUap

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 

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Post ID: @OP+1t6FEzPD

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)...

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Post ID: @OP+tACEnbn

2014 layoffs

heard rumors, any confirmation? i heard 2014 will be a pretty bad year for us...

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Post ID: @OP+t21Yz4a

2011 was bad

2011 was bad

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Post ID: @OP+s6MoeO4

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