At 1 PM EST yesterday, the United Steelworkers union terminated its contract with Goodyear, causing 15,000 employees to walk off the job and subsequently shut down 16 plants in the U.S. and Canada. The strike came after negotiations between the two parties had stalled after several months of talks.
Goodyear's contract proposal aimed to make the tire manufacturer more competitive in the global marketplace by reducing the costs associated with maintaining a large workforce. Most of the proposed cuts were focused on health care and pension spending, with an emphasis on worker productivity.

The union cited that substantial cuts were made to wages and other worker's benefits in 2003, and that further reductions were unacceptable.

In the meantime, Goodyear has enacted a backup plan that will reduce the harmful effects of the strike on its customers.

[Source: CNN Money]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X