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No wages for BBS employees – threat of insolvency

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BBS Autotechnik GmbH may be the proud new owner of the Superior Industries plant in Werdohl, Germany, but the company is grappling with issues of its own. After been unable to market its wheels or generate revenue for many months due to a trademark dispute, it appears that the 240 employees at the BBS plant in Schiltach, also in Germany, have not received their wages for May and June. Local media sources report that the plant’s works council has issued an ultimatum to the management team and the new owner to pay the outstanding wages by tomorrow. Failure to do so may prompt another insolvency filing.

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Related news:

  1. Wheelmaker BBS insolvent
  2. Turkey-based investor acquires wheel maker BBS
  3. Wheel maker BBS in brand rights dispute with former owner
  4. Superior Industries’ Werdohl plant finds new owner
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Living wage, benefits & learning opportunities for Michelin employees

Michelin has introduced a number of measures aimed at fostering “social and societal cohesion.” The company intends to guarantee all Michelin employees worldwide a ‘living wage’ and ‘universal social protection floor’. It is also implementing what it calls a ‘lifelong learning approach’.

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Related news:

  1. Restructuring announced as Fintyre Group misses January wages
  2. Non-tyre growth: Michelin divests majority share in healthcare subsidiary, gains new partner
  3. NFDA concerned about living wage effects on business
  4. How social nets, price comparison are influencing online tyre business
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German rubber sector union demanding higher wages

In what may be a poorly timed coincidence the announcement of a notable reduction in Goodyear’s global workforce came just days after the union representing many employees in Germany confirmed demands for more money. On 25 January, union IG BCE shared details of upcoming negotiations on behalf of 25,000 rubber sector workers, naming Goodyear as one of the “large companies” it represents. The union’s income wishlist includes a cost of living pay rise and one-off inflation bonus.

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Related news:

  1. U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’
  2. Goodyear announces Germany savings, plans for similar measures in USA
  3. Aachen tyre plant: Continental blocking potential investors, says union
  4. Fintyre Group employee pay ‘coming’, restarting business operations a priority
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Fintyre Group employee pay ‘coming’, restarting business operations a priority

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All 16 companies in the German Fintyre Group have now applied to open insolvency proceedings. But what lies ahead for the 1300-plus employees awaiting wages and salaries, the affected companies’ creditors, and the companies themselves? Sebastian Brunner, spokesman for Miguel Grosser, the provisional insolvency administrator at law firm Jaffé, told our sister website in Germany, Reifenpresse.de, that approximately 200 Reifen Krieg employees will receive their outstanding January wages and salaries in the coming days. Business at the group’s wholesalers and retailers is largely at a standstill, though the office of the provisional insolvency administrator has some more positive news on this too.

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Related news:

  1. Search for Fintyre investor begins as employees receive insolvency benefits
  2. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  3. Anger amongst Fintyre Group’s workforce in Germany: “They’re dealing with people, not numbers”
  4. End of the line for German tyre wholesaler RS Exclusiv
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Restructuring announced as Fintyre Group misses January wages

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The Fintyre Group has grown considerably since Bain Capital first acquired Italian tyre wholesaler Fintyre early in 2017, but what does the future hold? Tyrepress.com understands that the company has told its employees in Germany that a restructuring of the Fintyre Group is taking place, and that this measure is now being felt in a very tangible way.

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. European FinTyre Distribution buys Reifen Krieg
  3. Anger amongst Fintyre Group’s workforce in Germany: “They’re dealing with people, not numbers”
  4. EfTD rebrands as Fintyre Group
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U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’

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The U.S. Senator representing the home state of Goodyear Tire & Rubber Company has written to the tyre maker, imploring it to improve the renumeration and treatment it gives workers at its plant in San Luis Potosí, Mexico. Sherrod Brown, Senator for Ohio, urged Richard Kramer, Goodyear’s chairman, president and chief executive officer, to “take immediate steps” to improve both. He also criticised Goodyear’s decision to recently prevent Members of the United States Congress from touring the facility.

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Related news:

  1. US lawmakers criticise Goodyear over Mexico factory
  2. Tom Conway appointed USW international president
  3. Kumho Georgia workers vote to unionise
  4. Goodyear announces Germany savings, plans for similar measures in USA
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US lawmakers criticise Goodyear over Mexico factory

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A number of US lawmakers have criticized Goodyear Tire & Rubber over its treatment of workers at its San Luis Potosi, Mexico tyre factory in a letter to CEO Richard Kramer. Democratic Representatives Rosa DeLauro, Terri Sewell and Jimmy Gomez signed the letter and complained that their access to the site was limited.

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Related news:

  1. U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’
  2. Goodyear dissolving agreement with German workforce – a prelude to redundancies or plant closures?
  3. Goodyear confirms Wolverhampton plant closure
  4. Fintyre Group employee pay ‘coming’, restarting business operations a priority
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Pirelli sells Venezuelan subsidiary

According to a statement issued on 7 September, Pirelli has disposed of its car tyre factory in Guacara, Venezuela and all other activities within the country. As Pirelli’s Venezuelan subsidiary was deconsolidated as far back as 31 December 2015, the tyre maker says the operation’s divestment “has no financial effects on the group.”

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Related news:

  1. Temporary measure or close of play? Pirelli stops production in Venezuela
  2. Pirelli restarts Venezuela production
  3. Raw materials shortage: Pirelli pausing production in Venezuela
  4. No more raw materials: Pirelli stopping tyre production in Venezuela
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Pirelli restarts Venezuela production

After a stoppage of two days, Pirelli’s tyre factory in Guacara, Venezuela is said to be operating again. Venezuelan daily El Universal reports that the country’s Ministry of Labour has intervened in the matter, and this led to production recommencing on 29 August.

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Related news:

  1. Temporary measure or close of play? Pirelli stops production in Venezuela
  2. Pirelli sells Venezuelan subsidiary
  3. No more raw materials: Pirelli stopping tyre production in Venezuela
  4. Raw materials shortage: Pirelli pausing production in Venezuela
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Temporary measure or close of play? Pirelli stops production in Venezuela

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The Pirelli factory in Guacara, Venezuela hasn’t escaped the economic turmoil the country is currently experiencing, and plant workers received a nasty surprise upon arriving for yesterday’s shift. Local news sources report that the factory has been shuttered as it lacks the raw materials needed to maintain production. Pirelli is also allegedly unable to pay the wages of its 704 unionised workers and approximately 175 other employees in Guacara following the introduction of currency reforms on 20 August.

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Related news:

  1. Pirelli restarts Venezuela production
  2. Pirelli sells Venezuelan subsidiary
  3. Raw materials shortage: Pirelli pausing production in Venezuela
  4. No more raw materials: Pirelli stopping tyre production in Venezuela
/by

NFDA concerned about living wage effects on business

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“The NFDA is concerned with the new National Living Wage and the impacts that it might have on businesses”, said Sue Robinson, director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK.

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Related news:

  1. Andrew Page goes beyond National Living Wage
  2. NFDA: Associations still concerned about apprentice levy
  3. MWSD appoints business and marketing coordinator
  4. …but NFDA expresses concerns over timescale
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Andrew Page goes beyond National Living Wage

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Parts distributor Andrew Page has made the decision to offer all staff over 18 with at least the National Living Wage. From 1 April 2016 the government has announced a compulsory National Living Wage for employees aged 25 and above.

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Related news:

  1. NFDA concerned about living wage effects on business
  2. DriveRight appoints Jeremy Wood as sales manager Europe
  3. 500+ former Unipart Automotive employees now with Andrew Page, Parts Alliance
  4. IAAF to discuss legislation, internet parts and social media misuse
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