Cooper Tire & Rubber Company Announces Ratification of Contract With Union

FINDLAY, Ohio, April 11 -- Cooper Tire & Rubber Company today announced that the United Steelworkers of America Local 752L ratified a new 5 year contract in a vote on Sunday, April 10. The new contract agreement brings an end to the strike in the Company's Texarkana, Ark. tire manufacturing facility and the first union workers returned to the job at 7:00 a.m. central time today. Plant operations will resume in phases over the next several days.

The Texarkana facility employs approximately 1,700 production people and produces approximately 40,000 tires per day at capacity.

Company Description

Cooper Tire & Rubber Company is a global company specializing in the design, manufacture and sales of passenger car, light truck, medium truck, motorcycle and racing tires, as well as tread rubber and related equipment for the retread industry. With headquarters in Findlay, Ohio, Cooper Tire has 39 manufacturing, sales, distribution, technical and design facilities around the world. For more information, visit Cooper Tire's web site at: www.coopertireandrubber.com