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Buyouts part of new Goodyear contract

Posted August 27, 2013

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— Goodyear Tire & Rubber Co. can offer up to 840 employee buyouts at six U.S. plants, including one in Fayetteville, under a new contract approved last week by members of the United Steelworkers.

Under provisions of the labor contract, Goodyear is able to offer 200 buyouts at its Buffalo, N.Y., plant and 400 buyouts at Fayetteville and four other plants. The company also can offer of up to 240 discretionary buyouts, or 15 percent of the workforce, at the plants.

The Fayetteville plant employs about 2,500 workers.

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  • tierneemalinadeveaux Aug 28, 2013

    Either way, the employees make out like bandits. They make way too much money and are not smart enough to handle it. Hopefully this is the last story about them...

  • icmfal Aug 28, 2013

    Is there something wrong with being pro-employee for a change?

    After all CEOs and top Execs all have contracts. Ever hear of the Golden parachute they get even when they are fired?

  • beachboater Aug 28, 2013

    So the company has to have union permission to BUY OUT employees instead of laying them off.

    Unions are so pro-business