Members of the United Steelworkers union over the weekend ratified a new, four-year master labor contract with the Goodyear Tire & Rubber Company.
"This agreement reflects the commitment of Goodyear and the USW to continue to work together to achieve our common goal of world-class competitiveness," says Richard J. Kramer, Goodyear's chief operating officer and president, North American Tire.
Kramer says the new master contract and recently completed local agreements, build on significant changes made in the 2003 and 2006 agreements and address the core issues of productivity, compensation costs and flexibility impacting the competitiveness of the company's North American Tire business.
The seven plants covered by the master agreement are in Akron, Ohio; Buffalo, N.Y.; Danville, Va.; Fayetteville, N.C.; Gadsden, Ala.; Topeka, Kan.; and Union City, Tenn. It covers approximately 10,300 associates.
Goodyear will hold an investor conference call to discuss details of the contract at 2 p.m. Sept. 28. Investors and other interested persons may access the conference call on the company's investor relations Web site www.goodyear.com/investor or via telephone by calling (706) 634-5954 before 1:55 p.m. that day.
For more information, visit www.goodyear.com/corporate.
