Bulletin: Cooper Tire & Rubber Co.'s Rating Not Immediately Affected By Lockout Of USW Workers At Findlay Plant Dec 11
- ID: 2029962
- December 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services said today that its ratings on Cooper Tire & Rubber Co. (BB-/Positive/--) are not immediately affected by the company's actions to lock out 1,051 members of United Steel Workers (USW) Local 207L on Nov. 29, 2011 at its Findlay, Ohio tire plant. The labor contract has expired at this major plant. If the lockout were to persist and we came to believe that production, sales, and cash flow might be meaningfully affected, we could review our outlook or rating on the company. (For further details on the company, see the summary analysis on Cooper, published July 26, 2011 on RatingsDirect.)...
Companies mentioned in this report are: Cooper Tire & Rubber Co.
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