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You are here: Home1 / News2 / Product News3 / Cooper Strike Update

Cooper Strike Update

Date: 22nd March 2005 Author: Admin Comments: 0

(Texarkana/Tire Review) Roughly 1,000 people turned out for a union-organised rally supporting the 1,600 workers that went on strike nearly a week ago at Cooper Tire & Rubber Co.’s Texarkana, Arkansas plant. David Boone, union president, said the union’s executive committee received a 95 per cent backing in a vote granting the authority to call a strike.

Local media reports stated that, after negotiations had broken off, Cooper requested that a federal mediator enter the contract negotiations. A staff representative for the United Steelworkers of America (USWA) has reportedly agreed, and the mediations are expected to begin later this week.

Meanwhile, one analysts report estimated that the break in production could cost Cooper as much as $750,000 per day. At full production, the Texarkana plant produces approximately 14.6 million tyres each year.

Related news:

  1. Cooper Tire Counts Cost of Production Halt
  2. Analysts Change Recommendations for Cooper and Sumitomo
  3. Cooper Recalls 288,000 Tyres
  4. Analysts Upgrade Goodyear and Cooper Shares
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Cooper Strike Update

Date: 16th March 2005 Author: Admin Comments: 0

(Akron/Tire Review) Workers at Cooper Tire & Rubber’s Texarkana, Arkansas, tyre plant remained on strike today, as talks between the tyre maker and United Steelworkers of America (USWA) negotiators are said to be continuing. USWA represented employees walked off the job 12 March when their contract with Cooper, which had been extended from an earlier 6 March deadline, finally expired.

A report in the Texarkana Gazette indicated that the main sticking points in the contract negotiations were health care and job security. Workers told the newspaper that Cooper proposed increasing health insurance premiums paid by employees. At the same time, Cooper workers voiced concerns over the manufacturer’s recent moves to expand overseas.

In the last year, Cooper struck outsourcing deals with a tyre maker in China to produce medium truck tyres and Cooper’s broadline products. This allowed for higher margin performance and light truck tyres to be produced in the US. In addition, Cooper and Kenda are building a joint venture plant in China, but that capacity is earmarked for the Chinese market, according to the company.

“This plant has not been on strike since 1978, so we have always been able to reach an agreement,” USWA Local 752 spokesman Mike Penney told the newspaper. “This is the last resort; we had to go on strike.”

Related news:

  1. Cooper and Kenda in joint venture
  2. More Outsourcing For Cooper
  3. Cooper to Develop Tyres for Chinese Market
  4. Update: Infinity Truck Tyres at a Realistic Price
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