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Old 02-14-2011, 05:42 AM
 
Location: Tennessee
33,949 posts, read 32,397,399 times
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While we hear a lot about Tennessee attracting new business, we don't usually hear about one leaving for another spot in the US.

"Goodyear will be closing its Union City, Tenn. tire factory by the end of the year. '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,' says Richard J. Kramer, chairman and CEO. 'That is not the case with this plant, and as a result, the market has moved beyond what the factory is able to build.' Employing some 1,900 workers; the closure will save Goodyear about $80 million per year."

Goodyear to shutter Tennessee tire plant; 2011 outlook positive - - Motor Age - Automotive training, certification & parts info (http://motorage.search-autoparts.com/motorage/Industry+News/Goodyear-to-shutter-Tennessee-tire-plant-2011-outl/ArticleStandard/Article/detail/707627?contextCategoryId=43145 - broken link)

"The closure was expected since September 2009 when union negotiations left the plant in 'unprotected' status giving Goodyear the ability to shut the facility—operating since 1968—at any time."

Goodyear Posts Loss, Closes Tennessee Plant - WSJ.com
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Old 02-14-2011, 10:04 AM
 
1,703 posts, read 5,546,664 times
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The economy in NW Tennessee is not good -- even more 'not good' than the rest of the state. That area is one of the few regions in TN that hasn't grown over the last couple of decades. I suspect this news will be to Union City what the loss of the air force base was to Blytheville AR a few years ago. (The latter is now a virtual ghost town.)
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