Union says sale of CTNA's OTR plant is off
The proposed sale of Continental Tire North America Inc.'s (CTNA) Bryan, Ohio, OTR tire plant to The Rosler Group, a German company, is off, say Steelworkers.
"Before the deal could be completed, Rosler had to negotiate a new contract with us," a union spokesman told moderntiredealer.com today.
Talks between the two parties "have broken off. My understanding is that talks are done."
Earlier this month, CTNA notified the State of Ohio that it was in negotiations to sell the plant to Rosler.
Union officials said that Rosler would have to negotiate a new labor contract before it could buy the facility due to the successorship clause in CTNA's current contract.
The Bryan plant can build 300 OTR tires a day at full capacity, according to Modern Tire Dealer research.