Goodyear Saves $215 with New Contract

Stephen Kersey — Tue, 29 Sep 2009 21:12:41 +0000

On Tuesday, Goodyear announced that their new contract that they agreed to with the United Steelworkers union will help cut costs to the tune of $215 million over 4 years. The contract covers more than 10,000 workers in more than a half dozen plants.

While Goodyear is happy with the cost cutting aspect of the new deal, Richard Kramer of Goodyear points out that there is more involved than simply saving money.

Said Kramer: “This innovative agreement can truly change the way we run these factories. We can improve our efficiency, flexibility and competitiveness in both the near-term and long-term, driving working capital improvements and allowing us to be more responsive to the needs of our customers.”

Goodyear, known chiefly for its tires, has more than 65,000 workers around the globe in more than two dozen countries. Investors were apparently excited by this news as Goodyear stock was on the rise on Tuesday.

Goodyear Tires (Image: Flickr)

Post from: EveryJoe

Goodyear Saves $215 with New Contract

Steelworkers Follow Edwards’ Lead

maddy — Thu, 15 May 2008 16:45:26 +0000

The United Steelworkers Union has announced its endorsement of Barack Obama.

The Union had previously endorsed John Edwards’ campaign.

The nod was announced via a statement issued on behalf of the Union:

“We find ourselves once again in agreement with Senator Edwards, this time with his decision last evening to endorse Senator Barack Obama.”

The USW joins the Transport Workers Union as former Edwards’ endorsers that have switched to Obama.

Post from: EveryJoe

Steelworkers Follow Edwards’ Lead

EveryJoe » United Steelworkers Union

Goodyear Saves $215 with New Contract

Steelworkers Follow Edwards’ Lead