Neogen (NEOG) Workers Demand First Contract in Lansing, Putting Labor Risk Back in Focus
Unionized workers at Neogen’s Lansing warehouse rallied Friday, demanding a first contract and accusing the company of unfair labor practices. The protest comes as Neogen tries to boost margins after integrating 3M’s former food safety business. Neogen’s stock last traded at $8.70 on Friday, down from a previous close of $9.15. The company reported $224.7 million in Q2 revenue, a 2.8% year-over-year decline.