The decision to close was in response to the expiration of certain product lifecycles and reduced demand for other products at the Salem facility
Salem, Va.—Yokohama Tire has announced it has permanently close its manufacturing plant in Salem, Va., as of Wednesday March 18. Previously, the company announced a reduction in output for March and notified employees that production could cease in July.
After negotiations with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union and its Local Union No. 1023 (USW), the two sides have agreed to expedite the closure of the facility…