PITTSBURGH--News from USW: The United Steelworkers (USW) released a scathing critique of Goodyear’s claims on its recent earnings conference call, part of a series of Investor Alert newsletters the union is producing during the strike at Goodyear.
In this third issue of the newsletter, USW states that during the call “management may not have been as full, fair and factual as they are required to be in their disclosure about both the third quarter and the labor dispute.”
The Investor Alert systematically undermines Goodyear’s claims about its third quarter results, its strategic initiatives and its four point plan for dealing with the strike.
USW’s Investor Alerts are available at Goodyear Alert, a website that provides research and news about Goodyear relevant to Goodyear shareholders and the investment community.
“Goodyear Alert details the costs and risks Goodyear faces as a result of management’s decision to provoke a labor dispute with the United Steelworkers,” said Ron Bloom, USW Assistant to the President and Director of Corporate Research. “We want to ensure Goodyear shareholders, analysts and other investors have access to this information.”
Along with Investor Alerts, Goodyear Alert includes consumer-targeted rich media content detailing safety risks tire consumers have faced connected with the use of replacement workers in a prior tire industry labor dispute. Users can link to a video, also available on You Tube.
It also includes an examination of Goodyear corporate governance concerns and discussion of costs to investors of prior labor disputes with the USW.
“Goodyear Alert is another tool we’re using to facilitate a dialogue with other Goodyear stakeholders in what appears to be a long confrontation,” stated USW President Leo Gerard.
Goodyear forced 15,000 USW members in 16 plants in North America out on strike on October 5.
The USW is the largest industrial union in North America, representing more than 850,000 workers in the U.S. and Canada. Some 70,000 are employed in the tire, rubber and plastics industry.
