Alexa
  • Directory of Taiwan

Striking Goodyear Tire workers voting on proposed contract

Striking Goodyear Tire workers voting on proposed contract

Some of the 14,000 striking Goodyear Tire & Rubber Co. workers began voting on a proposed labor deal reached with the world's third-largest tiremaker while others studied the pact and prepared to vote Thursday.
The deal was approved by union members at a plant in Lincoln, Nebraska, where the United Steelworkers union represents about 1,050 active and laid off workers who make hoses and belts.
Gary Schaefer, vice president of the Steelworkers Local 286 in Lincoln, said he could not provide the vote total Wednesday, but said he was happy with the result and hopes the agreement will be approved by workers at other locations on Thursday.
"I don't know what it means for the future if this thing doesn't pass," he said.
Goodyear has said it will only discuss details of the tentative deal if it is ratified.
However, the plan would allow the tiremaker to close a plant in Tyler, Texas, but not immediately. It provides for a one-year transition period in which the workers will have the opportunity to take advantage of retirement buyouts. The plant employs 1,100 workers who make unprofitable wholesale private label tires.
United Steelworkers union members in 10 U.S. states, including about 1,400 laid off and inactive workers, were scheduled to vote by Thursday on the three-year agreement reached last week.
Workers at four Goodyear plants in Ontario, Canada, where about 400 union members have been on strike, do not have a tentative agreement but will vote anyway on a separate company proposal, a Goodyear spokesman said.
One key issue during the nearly 3-month-old strike had been over a company proposed health care fund for retirees.
Goodyear ultimately agreed to put $1 billion (euro760 million) into the fund for retired union workers' medical benefits, which was higher than the company's previous $660 million (euro501.56 million) offer but less than the union's call for roughly double that amount.
Goodyear spokesman Ed Markey said he had no specifics on the Steelworkers' vote. Goodyear has said it will hold a conference call in January for investors, financial analysts and media to discuss specifics of the new contract if it is ratified by the USW membership.
Goodyear has about 80,000 employees and makes tires, engineered rubber products and chemicals in 29 countries.
Shares rose 10 cents Wednesday to close at $20.22 on the New York Stock Exchange. Shares had hit a new one-year high the day before at $20.38. The 52-week low was $9.75.
___
Associated Press Writers Nate Jenkins in Lincoln, Nebraska, and Anna Jo Bratton in Omaha, Nebraska, contributed to this report.
___
On the Net:
http://www.gkdsolidarityexpress.org
http://www.goodyearnegotiations.com


Updated : 2021-07-26 06:46 GMT+08:00