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Lawmakers Seek Study of Chinese Tyre Tariff Effects

In the USA Lawmakers from Texas and Oklahoma called on Thursday for a government report on the economy-wide effects of the 35 per cent tariff that President Barack Obama imposed on tyre imports from China, reports Tire Review. “I am concerned that the administration's tyre tax will cost us jobs in the United States and raise prices for tyres for hardworking Americans,” representative Kevin Brady, a Texas Republican, said in a statement. “I want to make sure that the administration has all the facts so that it can best determine how and when to end that tax.”

22nd January 2010/by Tyrepress Editors

Execs to Go in Kumho Restructuring

As many as a fifth of Kumho Asiana Group executives may face the axe as part of a restructuring arrangement, the Wall Street Journal reported on January 5, The paper added that remaining management could also see their salaries shrink by 20 per cent under the terms of such a deal. The company has already indicated its intention to raise more than KRW 1.3 trillion (£695 million) through the restructuring of its assets, including the Kumho Tire and Kumho Industrial business units. Following the publication of this news the value of Kumho Tire shares plunged 15 per cent, the maximum decrease permitted in a single day.

5th January 2010/by Tyrepress Editors

Layoffs Announced at Closing MNA Factory

In preparation for the closure of its Opelika, Alabama factory at the end of October, Michelin North America's BFGoodrich Tire Manufacturing has announced the layoffs of approximately 350 production employees, effective October 2. According to Lynn Mann, MNA director of external communications, the layoffs are part of the company’s “rampdown activities”.

28th September 2009/by Tyrepress Editors

Kumho Labour Problems Solved

The recent labour dispute Kumho Tire in South Korea ended peacefully after “marathon” talks concluded peacefully on Saturday 5 September at 21:00. At the conclusion of the negotiations, local newspapers report that union workers agreed not to receive 2008 bonuses and to negotiate 2009 bonuses in the first quarter of 2010. As a result of the mutual agreement, Jooang Daily reported that Kumho management’s called off previously announced layoffs – a fact emphasized union sources. It is not clear if this means all 733 workers who were to be laid off on 24 August will now be able to work again.

Jooang quoted Kumho Tire as saying that the average annual salary of the 4,200 employees who work the company’s production line is 70 million won ($56,600). The company also said more than 30 per cent of workers receive an annual paycheck of more than 80 million won.

7th September 2009/by Tyrepress Editors

Kumho to Lay off 706 Employees in September

It is alleged Kumho Tire will lay off 18 per cent of its workforce during September. According to South Korea’s Dong-a Ilbo (East Asia Daily), the tyre maker has filed an application to this effect with the Gwangju Regional Labour Office, and the country’s Labour Ministry stated on August 17 that Kumho will dismiss 706 employees on September 16. In its application, the company cited a number of reasons for its decision, including aggravating business conditions, rising accumulated deficits, and a lower operating rate at its factories due to declining profits. On August 10 Kumho began offering early retirement packages to employees. Only 20 workers have so far applied to take such an offer, however.

20th August 2009/by Tyrepress Editors

Carlisle Tire and Wheel Plant to Close

Carlisle Tire & Wheel (CTW) plant has announced that it will close its Carlisle, Pennsylvania plant during the next 12 to 15 months. The closure affects about 340 employees and will be phased in local newspapers quoted Fred Sutter, group president of CTW as saying. The announcement follows parent company Carlisle Companies Inc’s decision to consolidate its Carlisle plant with the former Bowdon, Georgia manufacturing plant and portions of its Chinese operations into a newly acquired 568,000 square-foot facility in Jackson, Tennessee. The new Jackson operation is described as “bringing 440 jobs to the area.” CTW will reportedly continue to operate its 260,000-square-foot distribution facility in the two, which employs about 67 people.

Carlisle Tire and Wheel has employed between 600 and 800 people in recent years, although layoffs are said to have reduced that number over the past year. About 20 per cent of plant workers are salaried while 80 per cent are hourly. Last year turnover totalled about $290 million, according to the company’s web site.

22nd July 2009/by Tyrepress Editors

91 Laid off from Bridgestone Factory in US

Further layoffs have been announced at a Bridgestone facility in the US following a week-long shutdown. An additional 91 employees at the OTR tyre factory in Bloomington, Illinois were laid off on July 12, four months after 67 of their colleagues were let go. The company expects to re-hire 40 of these workers on August 1, however it comments that due to inventory levels and industry demand, 19 workers will also be laid off on August 15.

14th July 2009/by Tyrepress Editors

Hoosier Lays off Staff at Manufacturing Facility

A number of workers at Hoosier Tire & Rubber’s Plymouth race tyre manufacturing plant in Indiana, USA were laid off on May 26 in response to current market conditions. According to news released by the company, the layoffs constitute a “small workforce adjustment,” however the exact number of jobs lost was not specified.

“This reduction in force is necessitated by the current economic and market conditions,” read the statement. “We believe we have taken careful steps to remain a major player in the very competitive national motor sports market place.

27th May 2009/by Tyrepress Editors

Schaeffler Signs Employment Security Agreement With Union

The Schaeffler Group and Germany’s IG Metall trade union have reached an agreement regarding employment security. The agreement, signed by IG Metall first chairman Berthold Huber and Schaeffler chief executive Jürgen Geißinger, represents the first practical result of the future agreement between the two parties outlined on February 23, 2009.

According to the terms of the agreement, the threat of redundancies occurring before June 30, 2010 has been eliminated on the proviso that a jointly agreed upon package of staff cost reduction measures are reached. Due to the impact of the economic crisis and its resultant diminished orders and sales, the Schaeffler Group says it must lower staff costs by approximately 250 million euros.

26th May 2009/by Tyrepress Editors

Schaeffler Group to Make 250 million euros of Savings

Schaeffler Group has announced that is to implement further cost adjustments, while trying to prevent layoffs. In the first quarter of 2009, the company’s Automotive division recorded a downturn of 33 per cent compared to the previous year, which has now stabilized at a level 25 per cent below last year’s. The Schaeffler Group’s Industrial division, which accounts for 40 percent of total sales, sustained losses of 12 per cent in the first quarter. At 7.5 billion euros, current sales expectations for 2009 are significantly below 2008 levels. In a statement the company said it does not expect the markets to return to 2008 levels until 2012 or 2013.

13th May 2009/by Tyrepress Editors

Schmitz Cargobull Predicts 85% Sales Drop, Announces Layoffs

Schmitz Cargobull, Germany’s largest manufacturer of trailers for HGVs, plans to eliminate one-eighth of its workforce. It was announced on April 8 that around 500 of the company’s 4,000 employees will lose their positions. The company stated it plans to take a number of social factors into consideration when selecting the positions to be eliminated. In addition, all 350 temporary contract positions with the company will not be renewed.

8th April 2009/by Tyrepress Editors

Temporary Positions Eliminated at Michelin Dundee

Local media sources indicate that a number of temporary staff at Michelin’s factory in Dundee have lost their jobs. The Evening Telegraph states it was contacted on March 25 by a worker affected by this decision, who complained that the company was eliminating positions at the Dundee site starting with temporary workers. Plant personnel manager Ian Peart confirmed to the newspaper that staff are indeed being let go, but claimed Michelin’s decision was not related to the current economic crisis.

25th March 2009/by Tyrepress Editors

Goodyear Proposes Temporary Wolverhampton Layoffs

Local news source The Express and Star has reported that Goodyear has proposed a series of temporary lay-offs to around 300 staff in Wolverhampton. The paper quotes Cyril Barrett, the branch chairman of union Unite, saying that it is likely that staff will take a total of 68 “lay-off days” spread through 2009. According to the report, 29 of these days will be paid – 14 at 60 per cent, 15 at £21.50 per day – while the remaining lay-off days would be covered by holidays and 25 days without pay.

Goodyear told the newspaper that the company is waiting for union feedback on the proposal.

16th March 2009/by Tyrepress Editors

Firestone Makes 71 Redundant at Prescott, Ark. Plant

The Firestone plant in Prescott, Arkansas will lay off 71 employees on 3 April 2009. Tina Gaines, a spokesperson for the plant, says the layoffs, based on seniority, were due to an “unprecedented decline” in construction.

The plant makes a high-performance synthetic rubber compound for roofing AND employs about 525. Firestone Building Products is owned by Bridgestone.

12th March 2009/by Tyrepress Editors

Layoffs and Further Shutdowns Await Pirelli Carlisle Workers

A report in the Cumberland News indicates that 20 more jobs are to go from Pirelli’s factory in Carlisle. According to the paper, employees have been informed of the redundancies. Pirelli is said to hope that the positions can be eliminated through voluntary redundancies.

Additionally, two further temporary plant shutdowns are scheduled, and the factory will close for five days during March and a further five in April.

6th March 2009/by Tyrepress Editors