Cooper Tire unable to file earnings report

Daily Journal

FINDLAY, Ohio – Cooper Tire & Rubber was not able to file its third-quarter results on Thursday as planned because of continued labor strife at its joint-venture plant in China.

A company is required to file within 45 days of the end of a quarter. Cooper said it would file as soon as it was practicable.

Cooper blamed workers at the Cooper Chengshan Tire Co. plant. The 5,000 Chinese workers have refused to make Cooper-branded tires or allowed Cooper management access to business and financial information since mid-August. The workers went on strike in July after Apollo Tyre announced a $2.5 billion merger with Cooper that included the purchase of the Chinese plant.

Cooper said it was “evaluating its options for resolving this matter.”

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