Nearly 500 Cooper Tire employees terminated - WALB.com, Albany News, Weather, Sports

Nearly 500 Cooper Tire employees terminated

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By Jennifer Emert - bio | email

January 23, 2009

ALBANY, GA (WALB) - Nearly 500 Cooper Tire employees were notified Friday their last day of work will be the last week of March.

Throughout the day Friday 494 employees were called into the office and notified their early release application had been accepted.

Employees will be offered a severance package that includes one week of pay for each year of service with a maximum of 26 weeks and health benefits will be extended as long as the severance package. 

Friday company officials also said production will eventually be changed from seven days a week to five. At date for that change has not been determined. A transition center has been set up at the plant to assist employees with the closure.

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