Lockout costs for Cooper could top $40 million

ERJ staff report (TB)

Findlay, Ohio –Cooper Tire & Rubber Co.’s efforts to keep dealers supplied with tyres during the 11-week lockout of union workers at its Findlay plant could result in $40 million or more in increased costs, the company said in its fiscal 2011 results review.

Commenting on the Findlay-based tyre maker’s reasons for the lockout, Cooper CEO Roy Armes said: “Our priority during the lockout has been to protect the supply of tyres to our customers. In order to do this, we will incur…

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