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Phillips 66 locks out nearly 400 union workers at its New Jersey refinery

Phillips 66 has locked out nearly 400 union workers at its New Jersey Bayway refinery after a contract extension expired, according to Reuters.

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what happened

Phillips 66 has locked out close to 400 union employees from its Bayway refinery and Linden terminal in New Jersey, the company said on Tuesday. The move followed the expiry on Monday afternoon of a contract extension covering the workers, after members of Teamsters Local 877 rejected a tentative agreement with the company.

The company says the sites will keep operating with trained staff, including supervisors, engineers and technical specialists. Reuters describes Bayway as the largest refinery on the U.S. East Coast and a major producer of gasoline and diesel for the region. The union said the company's offer included concessions on wages, healthcare and safety protections.

why it matters

Fuel prices are already elevated because of supply disruptions linked to conflicts in the Middle East and Russia, so an outage at a refinery of this size could tighten regional gasoline and diesel markets further. Investors will watch whether talks resume and how output at the site changes.

market impact

Gasoline and diesel on the U.S. East Coast: refinery disruption risk tightens regional fuel supply

tags

SustainabilityRegulationStockUnited States

instruments

PSXGasolineDieselBrent

sources

  1. Phillips 66 says locking out New Jersey refinery union workers after contract expired — Seeking Alpha, 20 October 2026 at 17:17 UTC
  2. Phillips 66 locks out union workers at New Jersey refinery after contract expires — Reuters, 20 October 2026 at 18:33 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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