Strong profits just announced by tyremaker Goodyear added to the anger of the company’s French workers who are about to lose their jobs.
They clashed with police on Tuesday during protests against the closure of the Goodyear plant at Amiens in northern France.
It is to be shut after plans by Titan International, a US-based wheel and tyre maker, to take it over fell through when the unions rejected voluntary job cuts.
Union official Michael Wanen accused Goodyear of lying when it said that plant does not make a profit: “They rigged the figures to justify closing the factory, even as the group announced $700 million in after-tax profits. Goodyear has not suffered in the crisis. Companies are growing fat and the only thing they focus on is laying off workers.”
Goodyear said the plant has been losing 60 million euros a year for the last five years amid tough competition and falling demand.
The company did just post stronger-than-expected quarterly profit worldwide but said sales were down.
Goodyear also cut its forecast for this year blaming weakness in the European car market.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International breaking news | euronews online world breaking news in video
- 3Caught red-handed: the Russian Major fighting in Ukraine
- 4Video footage shows massive explosion in Tianjin, China
- 5Momentum for Mars: Astronauts say mission is inevitable
- 6Ukraine puts top Russian general Gerasimov on ‘most wanted’ list
- 7Latest News Bulletin
- 8Snowden, Assange and Manning statues unveiled in Berlin
- 9Who came out top in the US Republican television debate?
- 10Why World Elephant Day matters
- 11International news | euronews, latest international news
- 12UK: at least 7 dead after plane crashes into road in Brighton
- 13Virginia:TV journalist and cameraman shot dead live on air
- 14ISIL militant group claims to have killed Croatian hostage in Egypt
- 15Earth Overshoot Day…Pushing Mother Nature too far
- 16Windows 10, three weeks on: the good, the bad and the ugly
- 17Bringing the trolls out of the dark: Russian ‘troll’ awarded 1 rouble damages
- 18As ‘Daily Show’ Jon Stewart’s tenure ends, scholars say goodbye to their research topic
- 19European Union News | euronews: latest breaking news and headlines about European Union
- 20Scientists find sinkhole cave under Mexico’s Kukulkan Castle Pyramid
Wires > Business
- 19:23 CET Oil tumbles 7 percent as weak China data revives growth fears
- 18:12 CET FTSE posts biggest one-day fall in over a week
- 18:05 CET EU report calls for ‘consistency checks’ on EU financial rules
- 17:43 CET General Electric names Beth Comstock as vice chair
- 17:10 CET Global factory growth at two-year low – PMI
- 16:59 CET Apple explores move into original programming business – Variety
- 16:21 CET China stock probes send shivers through investment community
- 15:41 CET National laws hamper ECB’s work as single supervisor – ECB Dickson