USW Disputes Analysts Date Claim - Tire Review Magazine

USW Disputes Analysts Date Claim

(Akron/Tire Review) The United Steelworkers is now attacking a report by Himansho Patel, an analyst with JP Morgan Securities, which suggests a key date in the union’s current strike against Goodyear could be Jan. 3 – the date plant worker medical benefit coverage lapses.

USW International Vice President Tom Conway sharply criticized the report. “The facts are that the real cut-off date is in mid-April,” Conway stated in a press release issued Nov. 29. “COBRA legislation gives you 60 days to make a decision to continue (your healthcare coverage) and another 45 days before you have to make a payment.”

However, workers electing to continue medical coverage under COBRA are still liable for those premiums.

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