CTNA submits final proposal to union
Continental Tire North America Inc. (CTNA) has submitted its "last, best and final" offer to the United Steelworkers. The parties' current labor contract expires on April 30.
The offer was given to the union yesterday, CTNA Senior Counsel Rick Holcomb told moderntiredealer.com earlier today.
CTNA is still asking for $32 million in reductions at its Charlotte, N.C., passenger and light truck tire plant.
The union has authorized workers at the factory to strike if an agreement is not reached before contract expiration.
"We hope they accept our proposal," says Holcomb. The union also has the option of submitting a counterproposal.
Holcomb says CTNA's latest proposal is the ninth one it has submitted to the Steelworkers since October 2005.
CTNA plans to indefinitely suspend production in Charlotte starting this September if an agreement is not reached.