Tire & Rubber Co. said Wednesday it will lay off 450 workers
at its Union City, TN, plant starting Oct. 1 because of the slow
U.S. economy, Reuters reports.
City plant, which has 3,800 workers, makes consumer replacement
tires as well as tires for car and truck manufacturers. Industrywide,
consumer and commercial tire shipments this year are expected
to grow less than 1 percent due to the sluggish U.S. economy,
according to a survey released Wednesday by the Rubber Manufacturers
North American shipments have lagged those of the industry for several
months as it lost market share from year-earlier levels.