Second quarter sales fell to $2.03 billion on 9-percent lower volume, the Akron-based tire maker said, driven primarily by lower consumer demand, especially in the U.S. for tires in 16-inch rim diameters and below, due to increased competition. OE unit volume was down 12 percent, reflecting lower auto production.
Meanwhile, the United Steelworkers (USW) union recently reached tentative new five-year master labor contracts with Goodyear, as well as with Bridgestone Corp. and Sumitomo Rubber USA L.L.C.
A union spokesman said ratification meetings were being scheduled, then the USW would hold votes on the contracts — which, combined, cover more than 10,000 employees at 12 U.S. facilities. Details of the new agreements were not released.
The previous deals expired at 12:01 a.m. on July 29.