Conti cutting output at Charlotte by about 30 percent

Charlotte, North Carolina–Continental Tire North America Inc. is cutting back car and light truck tyre production at its Charlotte plant by about 30 percent to 17 000 to 18 000 units a day, citing high inventories and high manufacturing costs.

The cutback, to occur gradually throughout June, will affect 200 to 300 employees. Conti said it will provide layoff benefits to hourly employees in accordance with its collective bargaining agreement with the United Steelworkers union; salaried employees will be provided layoff benefits “in accordance with applicable…

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