NYSE:PRGOPharmaceuticals
Will a Strike and Insider Buying Shift Perrigo's (PRGO) Story Amid Renewed Labor Talks?
Earlier this month, members of Teamsters Local 210 went on strike at Perrigo's Bronx manufacturing facilities following unsuccessful contract negotiations, specifically over overtime protections and retirement plan contributions; bargaining is scheduled to resume soon.
Despite the labor disruption and a recent earnings miss, Perrigo's leadership reaffirmed their full-year guidance and an executive purchased shares, reflecting confidence in the company’s prospects amid ongoing operational...