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Wednesday, February 20, 2013

US Labor Department Statistics Vindicate Titan CEO's Criticism Of French Workers

US Labor Department Statistics Vindicate Titan CEO's Criticism Of French Workers

When the head of a major U.S. tire manufacturer mocked French factory workers as lazy, French officialdom fired back in an angry huff. But a look at actual statistics comparing U.S. and French manufacturing worker productivity tends to support the CEO’s criticism.

The incident started when the France government approached Maurice Taylor, head of Titan International Inc. (NYSE:TWI), about investing in a strike-prone Goodyear Tire & Rubber Co. (Nasdaq:GT) plant to keep it from being shuttered.  
Talks over the last five years with unions at the plant had not produced cost savings, and last month Goodyear said it will close the plant, which employs 1,173 people.

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