From Rubber & Plastics News
Mayfield, Kentucky-Continental Tire North America Inc. plans to cut daily production 33 percent at its Mayfield plant by July.
Production at the plant will fall to 7300 tyres a day from 10 900 tyres, and 200 hourly employees will be laid off, Continental said.
â€œWe must remain cost competitive in our industry, and to this end, we continuously evaluate all our production facilities,â€ said Martien de Louw, president and CEO of Conti Tire. â€œFrankly, we agonised over a number of scenarios for improving…