Cooper Tire closing Albany plant

December 17, 2008 10:36:49 PM PST
Cooper Tire and Rubber Co. says it will close its plant in Albany, Ga., the result of a capacity study of its four plants.

The Findlay, Ohio-based company will keep open plants in Findlay; Texarkana, Ark.; and Tupelo, Miss. The company announced the decision in a conference call Wednesday.

Workers were told in October that the company was facing higher costs and shrinking demand, and that Cooper had to make a dramatic cut. The company embarked on a study of each of its plants while the factories and their communities worked to provide Cooper with reasons to keep operating.

In Findlay, union workers voted to accept a pay cut. In Texarkana, the union voted to scuttle its current contract in favor of one in which workers would freeze salaries.