Layoffs at Yokohama tyre plant in the USA

Monday 24th October 2016 | 0 Comments

 

Local news sources report that Yokohama Tire Manufacturing Virginia (YTMV) will lay off 50 workers from its Salem facility over the next few weeks. According to WDBJ7, the Salem plant manager confirmed the layoffs last Friday, and the tyre maker wrote in a statement that that “the positions are being phased out to more effectively streamline YTMV’s current production schedule and inventory capacity.”

WDBJ7 shares that the layoffs are taking place “in accordance with the company and the union’s collective bargaining agreement,” which runs through to 16 May 2018. The laid off employees had worked for YTMV for five years or less.

Tags: , ,

Category: Company News, International News