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Martin Marietta Materials, Inc.

MLMBasic Materials· Raleigh, NC, United States
LAYOFFS TRACKED
2
LAST EVENT
Oct 1, 2023
MARKET CAP
$32.62B
EMPLOYEES
9,400

Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also produces magnesia-based chemicals products; dolomitic lime primarily to customers for steel production and soil stabilization; and cement treated materials. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.

Layoff history

EVENTS PER QUARTER · HOVER FOR EMPLOYEE COUNTS

Q4 '23: 2 eventsQ1 '24: 0 eventsQ2 '24: 0 eventsQ3 '24: 0 eventsQ4 '24: 0 eventsQ1 '25: 0 eventsQ2 '25: 0 eventsQ3 '25: 0 eventsQ4 '25: 0 eventsQ1 '26: 0 eventsQ2 '26: 0 eventsQ3 '26: 0 events
Q4 '23Q1 '24Q1 '25Q1 '26Q3 '26

Layoff timeline

2 EVENTS
Oct 1, 2023News

Martin Marietta Materials, Inc. has laid off six employees at its Thomaston Dragon Products facility. This decision comes amid operational changes, including the cessation of rail transport for cement shipments. The layoffs reflect ongoing adjustments within the company as it navigates current market conditions. The affected employees were part of the workforce at the Thomaston location, which is undergoing significant operational shifts. The company has not indicated any further layoffs or changes planned at this time.

Oct 1, 2023News

Martin Marietta Materials, Inc. has announced that it will lay off nearly 300 workers in Minnesota. This decision comes as part of a restructuring effort aimed at improving operational efficiency. The layoffs are set to take effect on October 1, 2023. The company cited a need to adapt to changing market conditions and optimize its workforce as key reasons for this reduction. The affected employees are primarily from the asphalt and aggregate divisions, reflecting the company's focus on streamlining its operations in response to current economic challenges.

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