By Chris Sweeney, Crain News Service
SALEM, Va. (May 21, 2014) — Yokohama Tire Corp. and the United Steelworkers (USW) Local 1023 in Salem agreed to a tentative labor contract on May 16, minutes before the old one was set to expire.
Local President Steve Jones confirmed the tentative deal, which the 750 active members of the Salem passenger car tire plant are scheduled to vote on for ratification June 1 and 2.
A passing vote would preserve labor peace through May 16, 2018.
“We had the authorization to strike if need be if it came to that,” Mr. Jones said. “It was to the point where it was hard to say. We were prepared, let me just put it that way, if we didn’t feel we’d get a fair contract.”
Mr. Jones declined to comment on specifics until the union voted on the agreement. The USW is having agreement meetings the week of May 26 with voting the following week. Polls close at 6:30 p.m. on June 2.
He said the negotiating committee is recommending the union members at the plant ratify the contract.
“I think it was a positive and fair contract for both sides,” Mr. Jones said. “Here at Yokohama, our guys work hard and efficiently. I think we were able to get a fair contract that everybody should be happy with.”
Mr. Jones said the contract negotiations followed the USW’s concept of pattern bargaining, which began last year with the ratification of deals with the three largest tire makers: Goodyear, Michelin North America Inc.’s BF Goodrich unit and Bridgestone Americas.
How have tire prices been in the last few months?
|They've gone up 1-5%||
|They've increased 6-10%||
|They've stayed flat||
|They've gone down between 1 and 5%||
|They've gone down 6-10%||
|They've dropped more than 10%||