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Is this plant moving to a 3rd world country or Mexico where they can pay their workers about 80 cents per hour and no benefits? Would you like our standard of living to drop to a 3rd world country also?
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.Board of directors approved $39 million to nearly double capacity at the Bangkok, Thailand tire plant...
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.A joint venture was announced with India's Ceat Ltd. to build tires....The company opened a representative's office and its first tire store in Beijing, China...
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.The Chinese government granted applications for the Goodyear Dalian joint venture to manufacture tires in China....Construction began on expansions in Malaysia and Indonesia....Goodyear acquired a 60% interest in a $20 million joint venture with Qingdao Gold Lion Hose Company, the largest producer of auto hose in China....
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Expanded European presence with a tire and engineered products joint venture with Slovenia's Sava Group....Signed an off-take agreement with Sumitomo Rubber, exchanging U.S. replacement tire manufacturing capacity for Japanese capacity and began a market test to sell each other's tires....Increased ownership in India's South Asia Tyres from 60% to 74%....Engineered Products bought the assets of Venezuelan hose manufacturer Indomax and three affiliated companies....Announced plans to build a power transmission products plant in Mexico....
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Tire plant in Tyler, Texas closed….Ownership stake in Poland’s TC Debica tire company increased to 65.99 percent….$200 million plan to triple commercial tire production in Poland announced…
If we want to be completive on a global market, we have to take the burden of supplying healthcare away from businesses and get a NHC program as these other countries have!
Bust my balls I will just close. Let the union employees yell at their union boss and his failure to see the light. The plant opened in 1968
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Goodyear Chairman and CEO Richard Kramer said in the release: "While we are committed to manufacturing in North America, all of our plants must be cost-competitive and be able to demonstrate sustainable, world-class productivity."
Wonder if there was even a rumor?
I bet the union boss, crapped his pants!
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A United Steelworkers Local 878L official declined to comment until all its members had been informed of Goodyear's announcement.
But the local posted a message on its website Thursday:
"This morning Plant Management called the Union Negotiating Committee to the plant and announced intentions for plant shutdown. "They will be announcing this to the members today. Plans are to run at the current production levels until towards the end of the year. There are no plans for a ramp down in production levels."
The reason the cost of living increases is "BECAUSE" the cost of producing goes up every time wages increase.
Whoa a smart guy with a finance/economics education.
Do me a favor. I have to get ready for work now but don't preach to me about the evil communists/socialists and the saintly capitalists until you study and understand this interview:
You're just a sheep in the slaughter house man, a peon among peons, don't worry they'll get to your standard of living eventually too unless you're lucky enough to die first.
The reason the cost of living increases is "BECAUSE" the cost of producing goes up every time wages increase.
Inflation is the product of the devaluation of the currency. Countries have gone through centuries with negligible inflation in the past. There are price graphs that show this. I just don't have time to find one.
While stationed in groton ct, used to go to a little mom and pop grocery store. Not a big place, nice veggies/fruits/meats.
At one point, the people in the meat dept banded up and joining the meatpackers union or something like that.. Then they went on strike demanding higher wages.
A week later, they owners sold out to a larger chain, who promptly hired only the workers not on strike. No one else was kept.
LOL LOL LOL
The way it should be. That is pretty arrogant. If you drive your employer into BK or forced to sell then they don't deserve employment either. Union tactics have become barely legal extortion.
I guess anonymity on the internet is a good thing for some people. I don't think some people would be quite so comfortable saying this to someone who just lost their job and have children to feed. We have become a callous country when we put some ideology that we get off of talk radio above working class people. The wealthy have won as they have successfully pitted the working class against each other.
Some peasants are very loyal to their masters.
Man, I'd rep you again if I could because you nailed it with that post.
Are you disagreeing with what Adam Smith had to say about the need for a balance between workers and owners? Or, do you agree with him? Please highlight agreement or disagreement as the case may be so I can understand your point.
I think that Unions have done the good that they can do, and now are detrimental to MOST.
They have TOO much power, when they can demand that everyone working somewhere HAS to be a member and pay them to work there. I feel that they have become detrimental in that the pay and benefit packages that they force upon employers is costing many to no longer be cost competitive in not only the American market but in the global market also.
And again, where I work, I would say that we are well compensated, more so than some people who do the same work as I do. Even if we made the same wages, I would be ahead, because I wouldn't have to pay the union dues required to union members.
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My point is
