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• loss of senior managers and other critical personnel and problems with new labor unions and cultural challenges associated with integrating employees from the acquired company into our organization;

Item 1A, Risk Factors, 10-K Feb 11, 2026open_in_new

• compliance with changing cybersecurity rules and evolving data privacy rules and regulation, such as the European Union’s General Data Protection Regulation, could increase our cost of doing business;

Item 1A, Risk Factors, 10-K Feb 11, 2026open_in_new

We have various non-U.S. collective labor arrangements, which make us subject to potential work stoppages, as well as union and works council campaigns and other labor disputes, any of which could adversely impact our business.

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… In addition, collective bargaining agreements, union contracts and labor laws may impair our ability to close or downsize manufacturing facilities because of limitations on personnel and salary and other restrictions. A work stoppage at one or more of our facilities …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… A significant portion of our workforce, and that of the joint ventures in which we participate, is covered by collective bargaining agreements with unions. Unsuccessful contract negotiations or adverse labor relations could result in strikes or slowdowns. Any disruption may …

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

• strikes, labor stoppages or slowdowns by our work force or increased costs resulting from unsuccessful labor contract negotiations, and the potential costs and effects of compliance with new regulations affecting our workforce, which increasingly focus on wages and hours, healthcare, retirement and other employee benefits;

Item 7, MD&A, 10-K Feb 27, 2026open_in_new

The Company must also maintain constructive relationships with the trade/labor unions that represent certain employees under collective agreements. Failure to do so could mean that the Company cannot renegotiate on appropriate terms the relevant collective agreements upon expiration and …

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

• Labor and procurement practices which contravene ethical considerations and regulatory requirements;

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

Trade agreements that were recently negotiated between the United States and the European Union (EU) and several other countries, may be continued or paused, or further negotiations regarding trade agreements may result in changes to the magnitude, timing or other …

Item 7, MD&A, 10-K Feb 25, 2026open_in_new

… We expect continued demand growth for low-carbon ammonia and upgraded products into Europe as customers seek to reduce the additional costs imposed by the European Union’s regulations, including the carbon border adjustment mechanism in respect of GHG emissions …

Item 7, MD&A, 10-K Feb 25, 2026open_in_new

• the movement for increased unionization and collective labor activity in the U.S. and internationally may lead to labor instability, employee turnover, increased labor costs or production and operation disruptions;

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

Finally, our reputation and customer relationships depend in part on compliance by our suppliers, distributors, and other counterparties with ethical employment practices and legal requirements, including those related to child labor, wages and benefits, forced labor, discrimination, workplace safety, and …

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

Disputes with our trade unions, or the inability to renew our labor agreements, could lead to work stoppages or other actions that could disrupt our businesses, raise costs and reduce revenues and earnings from the affected locations.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

Labor unions represented 13% of the hourly employees of our Building Materials business and 59% of the hourly employees of our Specialties business as of December 31, 2025. Our collective bargaining agreements for employees of our Specialties business at the Woodville, Ohio lime plant, the Manistee, Michigan synthetic magnesia plant and the Gabbs, Nevada magnesia mine and processing plant expire in June 2026, August 2027 and June 2028, respectively.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

• securities laws applicable in the United States, the European Union, and other jurisdictions;

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… Linde is dependent upon a highly skilled, experienced and efficient workforce to be successful. Much of Linde’s competitive advantage is based on the expertise and experience of key personnel regarding marketing, technology, manufacturing and distribution infrastructure, systems and products …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

Disputes with organized labor could disrupt our business operations - Labor unions represent approximately 11% of our workforce. Disputes with our trade unions, or the inability to renew our labor agreements, may lead to strikes or other actions that could disrupt our business operations.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

Inflationary pressures and labor constraints can be factors that impact our operations. Although inflationary pressures can create short-term to medium-term headwinds, the combination of inflation and visibility of demand may create a favorable environment for price increases. Additionally …

Item 7, MD&A, 10-K Feb 19, 2026open_in_new

… Competitive labor market conditions have resulted in increased demand for qualified personnel, which makes it difficult to attract, hire, and retain employees with specialized technical experience. In addition, the increasing number of experienced employees becoming retirement-eligible amplifies this challenge …

Item 1A, Risk Factors, 10-K Nov 20, 2025open_in_new

Selling and administrative expense of $906.1 decreased 4%, or $36.3, as our productivity actions were partially offset by labor inflation. Selling and administrative expense as a percentage of sales decreased to 7.5% from 7.8% in the prior year.

Item 7, MD&A, 10-K Nov 20, 2025open_in_new

A number of factors may adversely affect the labor force available to us or increase labor costs generally, including high employment levels, population migration, unemployment programs and subsidies, immigration laws and volatility in general macroeconomic factors impacting the labor market …

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

Our ability to attract, retain, develop and progress a qualified global workforce could adversely impact our business and impair our ability to meet our strategic objectives and the needs of our customers.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

• shortages of sufficiently skilled labor, or labor disagreements resulting in unplanned work stoppages; and

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

… Additional risks from our multinational business include transportation delays and interruptions, war, terrorist activities, epidemics, pandemics, political instability, import and export controls, access to infrastructure, sanctions, changes in governmental policies, labor unrest and current and changing regulatory environments.

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

● the risk of not being able to adequately obtain sufficient labor to efficiently build or staff a new facility, while maintaining our culture;

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

● the risk of becoming involved in labor, commercial, political, regulatory or other disputes or litigation related to new operations, acquisition targets or acquired businesses;

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

Prolonged work stoppages at facilities with union employees could jeopardize our financial position.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

… Although we consider our employee relations to be generally good, a prolonged work stoppage or strike at any facility with union employees could have a material adverse effect on our business, financial condition, cash flows or results of operations. In …

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

… unfavorable political or economic factors; local labor and social issues; changes in regulatory requirements; fluctuations in foreign currency exchange rates, interest rates and inflation; and complex foreign laws, treaties including tax laws, and the Foreign Corrupt Practices Act of 1977 …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… Depending on a variety of factors, including the cost and availability of raw materials, energy, technology, labor, transportation and capital costs, currency exchange rates, government subsidies of foreign steel producers and other global political and economic factors, our business may …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

Labor Relations - If we experience strikes or other work stoppages, our business will be harmed. Our workforce is highly unionized and operates under various collective bargaining agreements. We must negotiate to renew or extend any union contracts that have recently …

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

… Changing demographics and labor work force trends may make it difficult for us to replace retiring employees at our manufacturing and other facilities. U.S. labor market conditions remain tight, and we have, at times, experienced labor shortages and/or …

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

… for talented personnel in a highly competitive labor market, and we may face challenges attracting or retaining qualified employees. If we are unable to effectively attract, develop and retain a qualified workforce, our businesses, financial condition and results of operations …

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

Our business success depends on attracting, developing and retaining a qualified workforce.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

Additionally, macroeconomic and geopolitical developments, including public health crises, escalating global conflicts, supply chain disruptions, labor market constraints, rising rates of inflation and high interest rates, may amplify many of the risks discussed below to which we are subject. The …

Item 1A, Risk Factors, 10-K Feb 23, 2026open_in_new

… Changes to labor and employment laws and regulations, as well as related rulings by courts and administrative bodies, could materially and adversely affect our operations and expose us to potential financial liability.

Item 1A, Risk Factors, 10-K Feb 23, 2026open_in_new

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