Continental Cuts Production at Charlotte Passenger Plant
(Akron/Tire Review) Continental Tire North America (CTNA) announced today that it is making a significant cut in tyre production at its Charlotte, North Carolina passenger and light truck/SUV tyre plant, a move that will result in some 200-300 layoffs. From 1 July, Charlotte production will be cut from approximately 25,000 tyres per day down to some 17,500. CTNA said the cutback was due to “a substantial increase in inventory levels for certain passenger tyre products and high process costs at the Charlotte plant.”