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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.
In 1979 Lilly Ledbetter, the plaintiff, began work at the Goodyear Tire and Rubber Company in its Gadsden, Alabama location, a union plant. She started with the same pay as male employees, but by retirement, she was earning $3,727 per month compared to 15 men who earned from $4,286 per month (lowest paid man) to $5,236 per month (highest paid man). [6]
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 ...
Ghilarducci is an executive board member [4] of the Economic Policy Institute, [5] a member of the Retirement Security Advisory Board for the Government Accountability Office, court appointed trustees for the retiree health care trusts for UAW retirees of GM, Ford, and Chrysler and the USW retirees of Goodyear Tire.
After working for Goodyear for 19 years and nearing retirement, she received an anonymous note revealing that she was making thousands less per year than the men in her position. [9] Had her pay raises remained consistent with those given to the male employees, she would have made over $200,000 more over the course of her career than she ...
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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Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.