SALEM, Va. (WFXR) – Yokohama Tire Manufacturing Virginia and the United Steelworkers’ Local Union 1023 reached an agreement on Friday to permanently close the facility on March 18th.
In exchange, employees will be paid through the end of March.
“The City of Salem is actively engaged as a partner with Yokohama, along with regional, state, and federal workforce partners, to support employees directly impacted by the planned closure of Yokohama’s Salem facility,” Salem’s Economic Development Director Tommy Miller said in a statement. “With respect to the future of the property, Salem’s Office of Economic Development is evaluating a range of opportunities and will work closely with Yokohama to pursue a coordinated, strategic approach to marketing the site.”…