PSX locks out 400 New Jersey refinery workers after contract lapse

Seekingalpha+1 · 12 hours ago
PSX locks out 400 New Jersey refinery workers after contract lapse
  • Phillips 66 (PSX) said Tuesday it locked out nearly 400 union workers from its Bayway oil refinery and Linden terminal in New Jersey.
  • The lockout followed the expiration of a labor contract extension covering the employees at the facilities on Monday afternoon.
  • The dispute is a labor action at a single US refining site and terminal, so the direct exposure is operational disruption at Bayway and Linden.