Effective March 1st of this year, CTNA
imposed a $3,000 cap on healthcare payments for retirees in North America, requiring retirees to pay as much as $12,000 a year to keep the health insurance that they had been promised in their retirement.
Rights to retirement benefits were created through collective bargaining between CTNA and the Union that had represented the retirees while they were employed.
In late November, CTNA sent letters to me and other retirees announcing that, effective in 2007, it "will be implementing a $3,000 cap on the Company contribution to the cost of health care coverage for retirees and their eligible dependents," said Mike Dassaro, a CTNA retiree and plaintiff from Charlotte.
announced the shutdown of the Mayfield facility on August 2, Mayor Arthur Burns and Graves County Judge Executive Tony Smith sent letters of concern to the Environmental and Public Protection Cabinet about the landfill located on the facility grounds.
Through prior remediation procedures, CTNA
agreed to comply with EPA clean-up standards to ensure that the Graves County ground water supply remains safe for use.
Negotiations with CTNA
to purchase Bryan, Ohio, assets:
Hoover said CTNA
is incapable of devising business and marketing strategies to help them compete in the United States.
Saturday, April 29 WHERE: Continental Tire Company 1900 Continental Boulevard Charlotte 28273 WHY: CTNA
is threatening to cease tire production in Charlotte unless the workers there accept cuts totaling $32 million annually.
The asset purchase is subject to the approval of the Board of Directors of Titan and CTNA
's shareholders and government regulations.
NYSE:TWI) and CTNA
are hoping to conclude an agreement within the next 30 days.
also asserted that it could reach back and collect past insurance costs from retirees for some benefits paid for during the term of the current agreement.
The USW and CTNA
have been engaged in talks to see if maintaining the Charlotte productivity is possible.