Nokian Tyres has terminated the agreement, made in November 1997, with Tofan, under which the Romanian manufacturer produced some agricultural and industrial tyres for the Finnish company. The reason given was that Tofan was unable to meet quality expectations.
Employees at Continental General Tire’s plant in Bryan, Ohio USA have signed an agreement ensuring an increase in wages and pensions plus a regulation of working time (a four shift programme, seven days a week) up to the year 2006. The same agreement will apply in Charlotte, General Tire’s largest plant in North America, where employees had been on strike for over a year to achieve these improved conditions. Continental’s workforce has diminished from 1,450 to around 1,300 following the strikes.
Surprisingly, Team and VRG could not come to an agreement in some major topics concerning the co-operation of the two German groups of tyre dealers. As a result VRG ended the consultations for the present.
Under the terms of the agreement Reedijk Banden Import will operate autonomously and current managing director, Marcus Reedijk will retain responsibility for the day to day running of the company. The Van den Ban group expects to realise a much stronger market position for its wholesale tyre activities. As a result of the acquisition the turnover of Van den Ban Autobanden B.V. is expected to rise to Euro 160 million.
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