Goodyear Set to Offer Employment Buyouts - Tire Review Magazine

Goodyear Set to Offer Employment Buyouts

(Akron/Tire Review) Bloomberg reported that Goodyear plans to offer buyouts of as much as $40,000 in a move to trim some 400 hourly jobs at four USW-represented plants.

The early retirement program was approved as part of Goodyear’s new master contract with the USW.

Bloomberg said the buyout offers will be made by the end of this month, and will include a one-time cash payment equal to $2,000 for each year of services, and a minimum payout of $8,000 and maximum of $40,000.

Early retirement packages will reportedly be offered to workers at Goodyear facilities in Lincoln, Neb., Sun Prairie, Wis.; Marysville, Ohio, and St. Marys, Ohio.

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