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.
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.
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.
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.”
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.
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.
“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.
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.