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

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Goodyear Tire and Rubber company has announced plans of shutting down its Amiens, France plant due help reduce cost in the grueling economy that it now faces. Similar to other problems that the car industry has been experiencing, it will not be surprising to note if they are victims as well of the growing pains of inefficient sales performance that needs to be addressed by cutting off under-performing branches.

“This action is a result of the plant’s uncompetitive costs. Reaching a union agreement to modernize the operation proved impossible,” said Serge Lussier, Goodyear’s Europe, Middle East & Africa (EMEA) vice president of manufacturing. “Due to high costs and weak industry demand, the consumer tires produced there are uncompetitive in the marketplace.”

With this development, approximately 1,200 employees at the most will be affected by its closure, adding another issue on the rising problem of unemployment . There were no announcements on financial settlement with the soon to be laid off workers although there is sure to be one as mandated by law.

(Source) Press

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