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Chris Carrier has been hammered with two plant closures in less than a year. First Alcoa shut its wheel-rim plant in June after more than two decades in operation, idling 365 people. Then last month Goodyear Canada did the same at its engine-hose plant, forcing 165 out of work. "It's created a great deal of turmoil," says Carrier, mayor of Collingwood, Ont., a town of 25,000 north of Toronto. "Families aren't sure how they're going to pay bills. Some have moved away." The closures mean not only lost jobs but also a loss...
...very first drive of the game, leading to a one-yard touchdown drive by the Leopards. Despite the block, Tavani was impressed with Hull’s performance. “He’s got a great leg, that thing looks like it drops out of the Goodyear blimp,” he said. “But he takes his time a little bit and we thought we’d be able to get one.” Sophomore kicker Patrick Long had an improved afternoon, nailing field goals from 38 and 40 yards and hitting...
...health care of GM's retirees and their spouses. It won't come cheap. Analysts estimate that GM could end up paying 60 to 70 cents on the dollar of its $50 billion obligation to establish the trust. But investors have been pushing for a VEBA since Goodyear set up a similar plan with the United Steelworkers last year. Wall Street, after all, hates uncertainty and loves cash flow, and a VEBA would once and for all limit how much GM spends on its retirees--a savings of about $2.5 billion a year--enough for GM to fund...
Lilly Ledbetter filed the case against Goodyear Tire & Rubber Co. because at the end of a 19-year career, she was making far less than any of 15 men at her level. She argued that Goodyear violated Title VII every time it gave her a smaller paycheck. Her complaint was timely, she said, because she filed it within 180 days of her last check. But the court majority read the statute to mean that only an actual decision to pay Ledbetter less could be illegal, and that happened well outside the 180-day period...
Gettelfinger has long argued that the best way to cut automakers' costs without shafting workers would be to move to government-run universal health care. Another possibility, pioneered last year by tiremaker Goodyear: paying the union a lump sum to take over retiree health care for good. But health-care reform won't come for a couple of years, if ever, and for automakers that lump sum would be staggering. So it's hard to see how Detroit can avoid a major showdown this summer. Road Race. The Fight for the U.S. Market [This article contains a complex diagram. Please...