Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Cooper Tire & Rubber Co    CTB

Delayed Quote. Delayed  - 10/21 10:02:02 pm
36.15 USD   +0.06%
10/20 COOPER TIRE & R : Teams up with Tire Discounters to Educate Teens an..
10/14 COOPER TIRE & R : to Participate in National Organizations for Youth..
10/14 COOPER TIRE & R : adds wide-base steer tire
News SummaryMost relevantAll newsSector news 

Cooper Tire & Rubber Company : - Cooper Tire, USW Reached Tentative Agreement in Findlay

share with twitter share with LinkedIn share with facebook
share via e-mail
02/24/2012 | 10:25pm CEST

FINDLAY, OHIO, FEBRUARY 24, 2012 - COOPER TIRE & RUBBER COMPANY (NYSE: CTB) and United Steelworkers (USW) Local 207L reached a tentative agreement on a new five-year labor contract almost four months after the previous contract had expired. Details of the agreement are being held pending presentation to the union's membership. The proposal will be presented to union members for ratification on Saturday, February 25, with a vote scheduled for Monday, February 27.

Cooper's USW-represented employees in Findlay were locked out on November 28, 2011, after the first tentative agreement was rejected. However, both Cooper and the union leadership feel the new tentative agreement reached today addresses many of the concerns expressed by the membership and allows Cooper to attain the productivity it requires to remain competitive in North America.

"The Findlay plant and its members have been a critical component of Cooper's success throughout the years as well as a key contributor to the Findlay community," said Jack Hamilton, Findlay Plant Manager. "Our main objective during this negotiation was to attain a long-term agreement that better positioned the Findlay plant to succeed in a global competitive environment. We are happy to have reached an agreement that will bring our co-workers back to work with a competitive compensation and benefits package while also solidifying Cooper's ability to profitably grow our business in the North American market."

Rod Nelson, President of USW Local 207L, added, "Our members wanted a fair contract, and we want this plant to be the best in the Company. Through some difficult negotiations, we were able to tackle several key issues our people had with the previous tentative agreement and help the Company reach its productivity goals. We are proud to work for Cooper and look forward to contributing to its future."

Details of when the Findlay plant employees will return to work will be released upon ratification of the tentative agreement.

About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company (Cooper) is the parent company of a global family of companies that specialize in the design, manufacture, marketing, and sales of passenger car and light truck tires. Cooper has joint ventures, affiliates and subsidiaries that also specialize in medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design facilities within its family of companies, located in 11 countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire, www.twitter.com/coopertire.

Company Contact: Michelle Zeisloft, (419)423-1321

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on COOPER TIRE & RUBBER CO
10/20 COOPER TIRE & RUBBER : Teams up with Tire Discounters to Educate Teens and Their..
10/14 COOPER TIRE & RUBBER : to Participate in National Organizations for Youth Safety..
10/14 COOPER TIRE & RUBBER : adds wide-base steer tire
10/13 COOPER TIRE & RUBBER COMPANY : to Present at Gabelli Automotive Aftermarket Symp..
10/13 COOPER TIRE & RUBBER : Adds to Roadmaster Line with New RM332 WB Size for Mixed ..
10/11 COOPER TIRE & RUBBER : prime for takeover, report says
10/10 COLGATE PALMOLIVE : Stocks Within Traders Concentration Colgate-Palmolive Compan..
10/07 COOPER TIRE & RUBBER : program provides hands-on experience
10/06 COOPER TIRE & RUBBER COMPANY : to Release Third Quarter 2016 Financial Results O..
09/29 COOPER TIRE & RUBBER : to Reach More Than 10,000 Students Nationally at Manufact..
More news
Sector news : Tire & Tube Manufacturers
09/15DJGOODYEAR TIRE & RUBBER : Boosts Dividend
07/27DJMARKET SNAPSHOT : Stocks Turn Lower As Fed Statement Looms
07/26DJMICHELIN CGDE : 1st Half Profit Advances on Cost Cuts
06/13DJEMC : Business Watch -- WSJ
06/07DJBusiness Watch -- WSJ
More sector news : Tire & Tube Manufacturers
News from SeekingAlpha
09/20 COOPER DESERVES MORE RESPECT : Cyclical Fears Overblown
09/01 New CEO takes the reins at Cooper Tire & Rubber
08/24 Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q2 2016 Upd..
08/04 Cooper Tire & Rubber Co. 2016 Q2 - Results - Earnings Call Slides
08/04 Cooper Tire & Rubber (CTB) Roy V. Armes on Q2 2016 Results - Earnings Call Tr..
Financials ($)
Sales 2016 2 971 M
EBIT 2016 379 M
Net income 2016 236 M
Finance 2016 74,9 M
Yield 2016 1,16%
P/E ratio 2016 8,45
P/E ratio 2017 9,19
EV / Sales 2016 0,63x
EV / Sales 2017 0,61x
Capitalization 1 957 M
More Financials
Duration : Period :
Cooper Tire & Rubber Co Technical Analysis Chart | CTB | US2168311072 | 4-Traders
Full-screen chart
Technical analysis trends COOPER TIRE & RUB...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 42,3 $
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Bradley E. Hughes President, Chief Executive Officer & Director
Thomas P. Capo Non-Executive Chairman
Ginger M. Jones Chief Financial Officer & Senior Vice President
John F. Meier Lead Independent Non-Employee Director
John H. Shuey Independent Non-Employee Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
COOPER TIRE & RUBBER C..-4.49%1 957
MRF LIMITED24.53%3 195
More Results