GoodYear Tire and Rubber Company has announced that they will be adjusting operations to properly align production capacity to a continuously declining market. From a continuous operating schedule, GoodYear will shift to a five-day, three shift operation starting July 6 in Union City, Tennessee.
This adjustment comes in the light of a ratification agreement between the United Steel Workers and the local government which allows schedule changes. 550,000 associates will receive buyout packages as part of the change.
Goodyear is one of the world’s largest tire companies. It employs approximately 71,000 people and manufactures its products in more than 60 facilities in 25 countries around the world.
(Source) Press
Tags: countries around the world, declining market, goodyear, goodyear tire and rubber, goodyear tire and rubber company, local government, ratification, schedule changes, shift operation, tire companies, union city tennessee, united steel workers