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Unions “Need More Time” To Study Goodyear Proposals

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The long-running talks between Goodyear and the United Steelworkers of America continue to drag on after the deadline of last Friday set by Goodyear. The USWA says that it needs more time to study the latest proposals from Goodyear, which were put forward on Sunday. It is believed that Goodyear wants to shut four plants in the USA (out of a total of 14) and the union is seeking guarantees on job security.

Despite the uncertainty, Goodyear shares rose 3.9 per cent in New York to reach $5.80.

Related news:

  1. Goodyear’s Pension Funded Status worrying
  2. Goodyear seeks another extension
  3. Goodyear Common Stock Offering Closes
  4. GM, Goodyear Shares on Rise
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