Conti enhances proposal for laid-off Mayfield workers

Charlotte, North Carolina)–Continental Tire North America Inc. has enhanced a severance package for laid-off union workers in Mayfield, Kentucky, as part of continuing negotiations with the United Steelworkers.

Conti suspended tyre production indefinitely at Mayfield in late 2004. The new proposal, offered by Conti on Aug. 11 for hourly employees from the plant, would provide lump-sum payments of up to $15,000 based on years of service plus an additional $2,500 for health care expenses. The proposal also includes an early retirement supplement of $340 per month…

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