MAYFIELD, Ky. (April 23)—Continental Tire North America Inc. plans to cut daily production 33 percent at its Mayfield plant by July.
Production at the plant will fall to 7,300 tires a day from 10,900 tires, and 200 hourly employees will be laid off, Continental said.
"We must remain cost competitive in our industry, and to this end, we continuously evaluate all our production facilities," said Martien de Louw, president and CEO of Conti Tire. "Frankly, we agonized over a number of scenarios for improving manufacturing logistics, but the Mayfield plant continues to be the highest-cost production facility for Continental in North America."
Last October, Continental announced it was cutting production at the Mayfield plant by 3,100 tires, or 22.1 percent of its daily output. In that case, 200 workers also were laid off.