Flat Tire: Goodyear Workers Go on Strike

[Variance]

Flat Tire: Goodyear Workers Go on Strike

Some 15,000 members of the United Steelworkers went on strike at 16 Goodyear Tire & Rubber Co. plants in the United States and Canada Thursday after the union rejected the company's latest contract proposal.

The union terminated its contract at 1 p.m. ET Thursday, saying that it could not allow additional plant closures after it helped keep the company afloat through cost-saving measures three years ago.

"The company left us with no option," Steelworkers union executive vice president Ron Hoover said in a prepared statement. "We cannot allow additional plant closures after the sacrifices we made three years ago to help this company survive."

Read "Union calls a strike at Goodyear" @ CNNMoney

[Variance]

As a result of the strike, Goodyear may lay off 300 workers:

http://news.yahoo.com/s/nm/20061011/bs_nm/...year_layoffs_dc

[ToniCipriani]

I don't think this would hit GM that much, right? The last time I saw stock Goodyear tires is my old Cavalier. The new ones use Hankooks?