Cooper Tire and Rubber Company has reached a tentative agreement with the local union in Texarkana.
According to the Cooper Tire Corporate website, an tentative agreement has been reached.
It would be between the company and and United Steelworkers Local 752L in Texarkana
If ratified, it would be a new four-year labor contract.
According to Cooper Tire, details of the agreement are being withheld pending presentation to USW members. A ratification vote is expected to take place within the next few days.
Cooper Tire opened it’s Texarkana plant 55 years ago in 1964. The Cooper name has been around for over 100 years. The plant in Texarkana employs close to 2,000 workers. Since its completion, it’s been a big part of the Texarkana area economy. The local plant was awarded in 2017 with the Arkansas Governor’s Award in the large manufacturing exporter category.
The Texarkana Plant narrowly escaped closure back in 2007. Back then, the company spent several months conducting a study of its operations. They said it needed to close one of its four plants to help cut costs.
A dozen years ago the local workers helped the company save money and the plant.
Since the workers agreed to a new contract with several concessions, including a salary freeze at that time, the plant was saved.
Now 12 years later, things are going well for both the company and its Texarkana plant and local workers.
Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car tires. They also specialize in light truck, medium truck, motorcycle and racing tires.
Cooper’s headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations. These are located in more than one dozen countries around the world.
For more information on Cooper, visit their website.