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Last week, Goodyear Tire & Rubber Co. laid off 82 employees, including about 40 workers based in Akron, a company spokesman said on Monday.
The last major restructuring of the company took place in 1991. Goodyear hired Stanley Gault, former CEO of Rubbermaid, to expand the company into new markets. [33] The moves resulted in 12,000 employees being laid off. [34] In 2005, Titan Tire purchased the farm tire business of Goodyear, and manufactures Goodyear agricultural tires under ...
Sometimes, the employer will match up to a certain amount (e.g. up to 5%). In retirement, the employee has access to the funds they've invested. 401(k)s and Roth 401(k)s are examples of defined ...
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The antecedents of the case were posed when Lilly Ledbetter, a production supervisor at a Goodyear tire plant in Alabama, filed an equal-pay lawsuit regarding pay discrimination under Title VII of the Civil Rights Act of 1964 with the Equal Employment Opportunity Commission, six months before her early retirement in 1998.
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Employee Benefit Research Institute (EBRI) is a nonpartisan, nonprofit research organization based in Washington, D.C., that produces original research about health, savings, retirement, personal finance and economic security issues, including 401(k) and retirement plan coverage data, [2] post-retirement income adequacy, [3] health coverage and the uninsured, [4] and economic security of the ...
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...