Goodyear Reaches Tentative Pact With Steelworkers

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August 31, 2009 (FinancialWire) -- The Goodyear Tire & Rubber Co. (NYSE: GT) and the United Steelworkers have reached tentative agreement on a new master contract covering about 10,300 employees at seven tire plants in the United States.

According to Goodyear, the Union plans to schedule ratification votes at all plants in the coming days. The two parties' previous three-year labor agreement had been extended twice, and the most recent extension was set to expire on August 29. The parties had been negotiating in Cincinnati since June 8.

Akron, Ohio-based Goodyear is a tire company that employs around 70,000 people and manufactures its products in more than 60 facilities in 25 countries.

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