CTNA Reaches Tentative Agreement With Mayfield Workers - Tire Review Magazine

CTNA Reaches Tentative Agreement With Mayfield Workers

(Akron/Tire Review) Continental Tire North America Inc. (CTNA) said it has reached a tentative agreement with the United Steelworkers over its planned closure of its Mayfield, Ky., plant.

The union voted to ratify the deal, and the parties reached a tentative agreement on Oct. 5.

Under the agreement, CTNA will provide affected employees with lump-sum severance payments of up to $30,000, based on years of service. In addition, those workers will be eligible for up to 24 months of company-paid healthcare coverage. Employees with at least 25 years of service will be eligible for early retirement benefits and retiree health care, as well as a lump-sum payment of $7,500.

CTNA said it plans to close the plant by Feb. 1, citing declining business conditions in OE passenger and light truck tires and escalating energy and raw material costs. The decision will result in the layoffs of 150 hourly and salaried employees.

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