Continental Tire obtains favorable outcome in arbitrations involving USW
Clients Continental Tire North America, Inc.
Jones Day prevailed on behalf of Continental Tire North America, Inc. ("CTNA") in two significant arbitrations involving plant closure benefits. After CTNA indefinitely suspended tire production at its Charlotte, North Carolina facility, the USW filed grievances seeking plant closure pension and insurance benefits valued at nearly $40 million dollars. After three days of hearings and substantial briefing, we succeeded in persuading the arbitrator to issue awards denying both grievances in their entirety.