Connect with us

News

Solideal Lays Off Workers

Solideal, which manufactures heavy-duty industrial pneumatic tires, plans to lay off more workers at its tire plants in Sri Lanka and China as the global recession has started to impact its exports.

Advertisement

Philippe Daneels, founder and president of the Belgium-headquartered tire company, said Solideal, which laid off 1,100 workers recently, might slash more jobs as it expects a 5% reduction in global exports in 2009. The company had a workforce of 8,100 before it started downsizing.

Advertisement

Daneels has said the company is also exploring an expansion into India. At present, Solideal is looking for distributors in India for its exclusive range of products. “We are also considering the setting up of a manufacturing base in India for solid tires.” (Tire Review/Akron)

Advertisement
Click to comment

POPULAR POSTS

News

Ecore Invests in New Tire Recycling Facility

News

Bridgestone Announces Price Increase up to 15% on Select Tires

News

ATD Completes Sale of NTD to Groupe Touchette

Telle Tire Top Shop Winner Telle Tire Top Shop Winner

News

Telle Tire & Auto Centers Named 2022 Top Shop Winner

Connect
Tire Review Magazine