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 CLEVELAND (AP) - Approval of a new labor contract by striking Goodyear Tire & Rubber Co. workers was met with mixed emotions — from confidence from investors to apprehension from some workers who fear for the future of their jobs with the world's third largest tiremaker.
About 10,000 of 14,000 striking United Steelworkers members from 12 Goodyear plants in 10 states voted Thursday on the three-year agreement, which includes plans to close a Texas tire factory but creates a $1 billion health care fund for retirees.
The contract was approved by all locals and by the overall membership by a 2-to-1 margin, the union said Friday. The contract needed to be approved by a majority of the locals — seven out of 12 — plus a majority of the voters.
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