Goodyear Tire & Rubber Co. will reduce production at its Union City, TN, automotive tire plant from 24 hours a day, seven days a week to a five-day, three-shift operation on July 6
Goodyear Tire & Rubber Co. will reduce production at its Union City, TN, automotive tire plant from 24 hours a day, seven days a week to a five-day, three-shift operation on July 6. The move will also result in about 550 employee buyouts, the company said.
United Steelworkers members agreed to a revised labor agreement that allows the change. The plant, which produces 12 million OE and replacement tires a year, employs about 2,300.
The company expects to record after-tax restructuring charges associated with this action of approximately $60 million primarily in the second quarter of 2009, which relate to cash severance payments that will be paid primarily in the third quarter.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...
Discover how fleet management solutions promote safer student transportation. Download our guide and learn how to improve driver behavior, help prevent incidents and choose a ...
Help drivers improve habits with tools that actually change behavior. This guide shows how Geotab Vitality helps fleets coach with data, reward improvement and build better habits...
Smarter fleets, safer roads—uncover how innovative technology is revolutionizing the transportation industry and making fleets safer and more efficient for everyone.
