Huge economic hit in West Tn....

[NEO]

Yeah it couldn't be that sales are down. And I don't necessarily agree that what they do is worth $30/hour either. But it's worth more than $8/hour.
Posted via VolNation Mobile

It's worth about 12-15 honestly.

The plant had 121 million in wage overhead before factoring in healthcare and taxes.

That means they had to sell 1 million tires just to pay basic payroll. If the plant had of paid 30k per year only 500,000 tires would have been needed to make basic payroll. They would have been able to lower the cost per tire and increase demand instead of raising the cost per tire and shinking demand. They overhead was taking them out of the market.

 

[TheDeeble]

Wel if the folks in Union City are still looking for work, chances are they could try Memphis..

Mitsubishi to open $200M factory in Memphis; announcement expected Monday The Commercial Appeal

Local officials plan to announce next week that Mitsubishi will build a $200 million manufacturing site in Memphis.

Also in the article..

In addition to those projects, Electrolux is building a manufacturing facility at Frank C. Pidgeon Industrial Park in Southwest Memphis.

The largest manufacturing project to hit Memphis in years, Electrolux will create 1,250 jobs, with suppliers creating an additional 2,250 jobs, according to the Greater Memphis Chamber of Commerce. Local and state governments are offering around $134 million in incentives to Electrolux

 

[superdave1984]

it seems their plant is closing because their skill is not truly worth $30/hr. I'm sorry the people are losing their jobs but there is a reason behind it whether they see it or not

Union factory. Nuff said.

 

[utvolpj]

Union factory. Nuff said.

of that I had no doubt

 

[BearCat204]

Cant believe these factory workers were making around 30$/hr. I mean, I know I am way overpaid, but thats crazy they were making that wage. Hope they were financially responsible and prepared for this.

 

[LaughingSamsDice]

Sorry to hear this, there's lots of auto plants closing round where I live. Bad news indeed.

 

[RollinVol]

Production ends at Goodyear in Union City, Tenn. -- earlier than expected The Commercial Appeal

guess sooner than later. i hope the area recovers

 

[myrobbins7]

A update on this for the ones living in this area.



Titan Tire buys the former Goodyear plant in Union City, Tennessee The Commercial Appeal

 

[RespectTradition]

call me a jerk but this part really doesn't help their case at all- "no skills, no degree, no backup plan" but making $30/hr? Sorry but $8/hr sounds about right

I hate it that this is happening for these folks, but it sounds like they did it to themselves. Part of why unions suck, they drastically increase prices for the consumer and increase unemployment for workers. The piper always gets paid. TANSTAAFL.

Yeah it couldn't be that sales are down. And I don't necessarily agree that what they do is worth $30/hour either. But it's worth more than $8/hour.
Posted via VolNation Mobile

You don't know what it is worth. It is worth what an employer is willing to pay and an employee is willing to accept. That is all. Trying to decide what work is 'worth' without taking into account what the market says is a path that leads to such things as plant closings.