Titan International Inc. has reached tentative agreements with the United Steelworkers (USW) unions representing its plants in Des Moines, Iowa; Bryan, Ohio; and Freeport, Ill. Votes are expected in the coming weeks.
Paul Reitz, CEO and president of Titan, announced the tentative agreements during the company's first-quarter earnings call on May 4, 2017. The current labor agreements expired in November 2016, and operations at the plants have continued while both sides worked on negotiations.
"Titan has a longstanding, good relationship with the USW, as evidenced over the past couple of years when we worked closely together to present cases to the International Trade Commission (ITC) regarding OTR tires from China, India and Sri Lanka.," Reitz said. "Their support in these cases was greatly appreciated and instrumental in the successful determinations from the ITC. For more than 20 years, we've viewed the USW and its members as an integral part of the Titan team and we appreciate their hard work in building quality tires day-in and day-out at our North American tire plants."
To read about Titan's first-quarter financials, read: