SEGUIN,
Texas, April 16, 2024 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) was notified on April 14,
2024 that the unionized workers at its subsidiary, Gradall
Industries LLC, located in New
Philadelphia, Ohio (the "Company"), elected to strike after
failing to reach a labor agreement with the Company. The
approximately 200 workers are part of the International Association
of Machinists and Aerospace Workers, District Lodge 54, Local Lodge
1285. Negotiations are ongoing and the Company is committed
to working in good faith with union leaders to reach agreement on
the new labor agreement and restore normal operations.
About Alamo Group
Alamo Group is a leader in the
design, manufacture, distribution and service of high quality
equipment for infrastructure maintenance, agriculture and other
applications. Our products include truck and tractor mounted mowing
and other vegetation maintenance equipment, street sweepers, snow
removal equipment, excavators, vacuum trucks, other industrial
equipment, agricultural implements, forestry equipment and related
after-market parts and services. The Company, founded in 1969, has
approximately 4,350 employees and operates 29 plants in
North America, Europe, Australia and Brazil as of December
31, 2023. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas.
Forward Looking Statements
This release contains
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause the Company's actual results in
future periods to differ materially from forecasted results. Among
those factors which could cause actual results to differ materially
are the following: adverse economic conditions which could lead to
a reduction in overall market demand, supply chain disruptions,
labor constraints, unanticipated acquisition results, increasing
costs due to inflation, disease outbreaks, geopolitical risks,
including effects of the war in Ukraine and the Middle East, competition, weather,
seasonality, currency-related issues, and other risk factors listed
from time to time in the Company's SEC reports. The Company does
not undertake any obligation to update the information contained
herein, which speaks only as of this date.
View original
content:https://www.prnewswire.com/news-releases/alamo-group-inc-receives-notification-of-strike-at-gradall-industries-llc-302118635.html
SOURCE Alamo Group Inc.