Goodyear Prepares for Long Strike
No-one was surprised when the United Steelworkers Union announced its Goodyear-employed members would go on strike on Thursday 5 October. Now, days later with no news forthcoming from either side, it looks like 14,600 Union workers at 12 of Goodyear’s US plants and four additional plants in Canada, are preparing for the long haul.
Some analysts say the strike could cost Goodyear $2 million a day. Others are less optimistic. One Deutsche Bank report suggested that for each day Goodyear workers are burning wood on the picket line, Goodyear would be burning $5-6 million. Some analysts put the figure even higher.