Tire Stryke Threat to Turkish Automotive Industry
The ongoing Tyre Workers Union strike is threatening Turkey’s automotive industry. Estimates are placing a figure in the region of YTL 10 million (over £4 million) on daily losses for tyre manufacturers since the strike began on 31 May, while the supply losses are starting to hinder Turkish automotive exports that account for 75 per cent of the industry’s total production.
Bridgestone’s Turkish-based arm, Brisa – one of the companies affected by the strike, alongside Pirelli and Goodyear – has released statements detailing the losses to the Turkish government in taxes, estimated at YTL 1 million a day.