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In fact, I believe 99% of Liberians are dishonest people.If the company is losing money then it has to cut costs to get back to profitability. Liberia owed more than one million dollars, an enormous amount in those days, to British bankers. All vehicles use tires so what’s the underlying problem? Firestone was Liberia’s largest private employer and the largest exporter in the country. Is it related to the oversupply of natural rubber from Asia? While Liberians were destroying their country, other countries took over Liberia’s market share and that was it. Firestone Liberia’s operations were not spared during Liberia’s civil war. was demanding Financial Statements from these raskas…crooks our nation will be better off…,Firestone needs a local competitor to buy rubber from our people…and manufacture them in Liberia.. then one will see where that will lead to…And it is eventually going to happen soon….Imagine how much this company had benefited from Liberia up to present. The company is currently undergoing its third staff reduction exercise.The company’s latest redundancy exercise, which it announced to commence in late June this year, was immediately rejected by the Ministry of Labor and members of the House of Representatives, alleging that the exercise is not in compliance with the laws of Liberia and obligations under its Concession Agreement.According to a statement from the company, all actions taken by Firestone as part of the planned workforce reduction process have been fully compliant with the 2015 Decent Work Act, the company’s concession agreement, and all applicable laws and regulations of the Government of Liberia.Firestone, like happened to Shell, you should carry out your legal obligations under the labor laws and the UN´s Global Compact obligating firms to support and respect the protection of internationally proclaimed labor and human rights WITHIN YOUR SPHERE OF INTEREST – LIBERIA!Do not flout the rules of the game simply because of your crocodile “good faith” ..we can “discuss and negotiate the process with union leadership”!CHANGE YOUR COMPANYŚ GENERAL BUSINESS PRINCIPLES and desist from violating the rights of the poor workers on your bad faith modus vivendi of “negotiating process with union leadership.” ABIDE BY THE RULES OF THE GAME, AND NOT DEPEND ON “NEGOTIATING PROCESS WITH A FEW CROOKS.Post was not sent - check your email addresses!Sorry, your blog cannot share posts by email.Click to share on Twitter (Opens in new window),Click to share on Facebook (Opens in new window),Click to share on WhatsApp (Opens in new window),Click to email this to a friend (Opens in new window),Click to share on LinkedIn (Opens in new window),Liberia’s President Should Showcase Justice on International Stage,Former Justice Minister Warns against Electing Corrupt People,“No One-time Solution to Health Workers’ Demands”,Commercial Court Summons NEC Board of Commissioners,First Responsible, Traceable, and Commercially-Viable Artisanal Gold Supply Chain Operational in…,Safety of Journalists Must Be Ensured, Says PUL President,Wanted! I find it interesting that the price of rubber on the global market is so low because demand for tires is pretty strong I would think. The 2019 estimates of both the sales and net income are higher than the 2018 numbers.Interestingly, the Liberian administration does not provide any information to the public to indicate what price Bridgestone is using to buy latex from the Liberian Firestone Rubber Plantation. Searching for information about Firestone or a Firestone tire? Firestone Liberia’s unsustainable losses, the ongoing depressed prices in natural rubber, the devastating impact of COVID-19 on the global economy, uncontrolled crime and theft, and high overhead costs of the company’s concession agreement, make this workforce reduction critically necessary at this time. Last time I talked to someone in Liberia, the price of a metric ton was $850. Dodo bird. For example, before the global market crash, a metric ton of rubber in Liberia was over $2,500. In a … Its factory, worker housing, schools, power transmission facilities, vehicles and hospital were severely damaged, due not only to looting and vandalism but also to 14 years during which the company was unable to invest in maintaining these critical facilities. Garcia told the Daily Observer that, between 2004 and 2017, Firestone Liberia had directly injected US$1.3 billion cash into the Liberian economy, through its provision of employment, education, housing and healthcare, among other benefits to the country. Monrovia – Representative Tibelrosa Tarponweh of District #1, Margibi County says there is some level of dishonesty in Firestone Liberia’s justification for its planned decision to lay off 374 employees of the company’s estate department. You stated that “…I find it interesting that the price of rubber on the global market is so low because demand for tires is pretty strong…” Sir, when will the price of rubber go up, if it is declining at a time tire is in demand? Something drastic has changed in the supply chain. ..But they still Carry on productions..We want our legislatures to pass bills so that companies operating in Liberia should present their Financial Statements, so that the ordinary citizens will know how much these companies are making out of us Liberians….It is time, we are too learnt now for us to continue to be robbed like this….It is time for Financial Statements from all companies that hired more than 5 persons..Post was not sent - check your email addresses!Sorry, your blog cannot share posts by email.Click to share on Twitter (Opens in new window),Click to share on Facebook (Opens in new window),Click to share on WhatsApp (Opens in new window),Click to email this to a friend (Opens in new window),Click to share on LinkedIn (Opens in new window),Liberia’s President Should Showcase Justice on International Stage,Former Justice Minister Warns against Electing Corrupt People,“No One-time Solution to Health Workers’ Demands”,Commercial Court Summons NEC Board of Commissioners,First Responsible, Traceable, and Commercially-Viable Artisanal Gold Supply Chain Operational in…,Safety of Journalists Must Be Ensured, Says PUL President,Wanted! You did it in a classy manner.I posted the information which indicates that the price of rubber in 2019 was 1.59 per kilogram versus 1.44 in 2018.Sir, please review your comment. Firestone Natural Rubber Company, LLC traces its origins back to 1926 when The Firestone Tire & Rubber Company first established a natural rubber production facility in Liberia, West Africa. Find their customers, contact information, and details on 573 shipments. “Headcount reductions will take place throughout the company’s operations and will include retirements, discontinuation of certain work contracts, and redundancies,” the Firestone Liberia statement said.The statement further stated that its action was necessary due to continued and unsustainable losses resulting from the high overhead cost associated with the company’s concession agreement with the Liberian government, low natural rubber production because of the country’s prolonged civil war and continued low natural rubber prices. Firestone Liberia at FIRESTONE LIBERIA. Return on capital takes a long time in the rubber farming business because trees can take an average of 4-5 years to maturity. Typically after a global recession, price of commodities come back but rubber has not, compared to metals like gold, etc. Journalists requesting interviews or additional information, please contact Patrick Honnah, Communications Manager; +231 88 6581868 08/19/2020 – Firestone Liberia Supports Liberia’s Response to the COVID-19 Pandemic 07/26/2020 – Firestone Liberia Workforce … Capitol Hill, Monrovia – The Management of Firestone Liberia has informed the House of Representatives that its ongoing redundancy action has been approved by the Government of Liberia through the Minister of Labor and the joint working group designated by President George Weah to negotiate with the company in finding a workable solution. It will take years to come back if ever.I believe the decline in the price of rubber on the international market is due in large part to the invention of synthetic rubber, which is about 60% of the natural resources for making rubber tires.You indicated in yuor comment that the price of rubber has declined.Mr. “Now let us review Bridgestone’s numbers of 2018 and 2019 posted in February of 2019:The financial statements of the parent company do not suggest that it is reducing its operational activities. All Rights Reserved.FrontPageAfrica - Liberia's Leading News Magazine,Liberia: Firestone Liberia Defends Layoff Action, Fails to Honor House of Representatives’ Citation,Liberia: Lonestar Cell MTN Mobile Money Reinstates International Remittance Service,TipMe Promises Digital Revolution in eCommerce and Cashless Transactions in Liberia,Orange Prepares To Implement Liberia Telecommunications Authority Imposed Surcharges,Liberia: Supreme Court Ruling Lands Orange Liberia in Similar Predicament that Led…,Liberia: Lonestar Cell MTN Mobile Money Reinstates…,TipMe Promises Digital Revolution in eCommerce and Cashless…,Orange Prepares To Implement Liberia Telecommunications…,Liberia: AFRILAND First Bank Launches Mobile App ‘SARA’ to Promote Convenience, Financial Safety for Customers, Others,Liberia: War of Words as Bishops, Gospel Musician Religious Leaders Debate Religion Vs. Politics,Liberia: Sen. Dillon’s Incitement, Threats on Pres. In so doing, … This industry created 25,000 jobs, and rubber quickly became the backbone of the Liberian economy; in the 1950s, rubber accounted for 40 percent of the national budget. Nimene said Firestone Liberia’s policy proposal that it intends to implement was very untimely and also runs contrary to the many discussions that have not been concluded before coming up with such a decision to cut its workforce by 13% (approximately 800 workers), which will take effect during the second quarter of this year.Abraham Dugbe Nimene, President, AAIWULSpeaking in an interview with the Liberia News Agency via mobile phone yesterday from Monrovia, Mr. Nimene said they were caught unaware of the decision taken by Firestone and it totally runs contrary to ongoing discussions between the concerned parties.“Before the implementation of those policies, the parties should have met to discuss the terms and conditions but unfortunately, the company just went ahead without due regard and respect for anyone and issued a unilateral statement,” Mr. Nimene said.The union president’s statement comes in the wake of a policy statement issued by Firestone Liberia, stating that it will cut its workforce by 13%, which will affect about 800 of its current employees by the second quarter of 2019. Report by Emmanuel Tokpah, Contributing Writer Rep. Tarponweh, who chairs the House Statutory Committee on … And with an average household of over eight persons, the amount of people that would be affected by the job cuts could easily run into double-digits.The entire country is full of crooks! Farmers made lots of money and Liberian farmers were growing rubber like there was no tomorrow. But Firestone insisted that Liberia should take a loan from him. Firestone’s proposal aroused widespread protests, both inside and outside the country. The company, however, said these measures alone will not be enough to restore profitability and, as a result, the company will continue to evaluate all aspects of its businesses to ensure a long- term competitiveness and determine the best allocation of its resources to optimize its portfolio, processes, and culture.However, Nimene said such a decision is counterproductive to the current state of the economy which creates more difficulties for Liberians and has urged the Liberian government to do the needful thing by swiftly acting to avert the situation. Firestone “kneeling on Liberia’s neck”, n’importe quoi! thanks for the clarification. Therefore, each company should receive a reasonable price, meaning, the parent company should not give the subsidiary whatever price it prefers.If the parent is not using a reasonable price to buy the latex from the Liberian Firestone Rubber Plantation, then the subsidiary might end up operating at a loss. So, instead of asking me to search, I should appeal to you to revisit your comment.May I ask you to kindly educate on your theory? ..and yet they come up with that Stupid lies….The commudity price is low on the world market. I think the war seriously damaged Liberia’s rubber industry because during the war, nobody was growing rubber much less rehabilitating existing plantations. 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Referred to as “root trainers”, which produce a higher success rate for new trees, the nursery aims to produce tree maturity in seven years and optimize productive life up to 30 years.Moreover, this sprawling nursery is a key part of the company’s plan to complete the re-planting of the entire plantation by the year 2033.Mr. “What will happen to those employees who have not attained the age of retirement and others who will be reaching retirement age? All vehicles use tires so what’s the underlying problem?”.I don’t think that management’s explanation to dismiss 800 workers is supported by the 2018 financial statements, 2019 estimates, and the increase in rubber price from 2018 to 2019. Look no further, Firestone.com is your resource, from Firestone Complete Auto Care to Firestone Tires. Is it Firestone that is kneeling on Liberia’s neck or Liberians kneeling on their own necks? The 800 pending layoffs would amount to one percent of the entire population of the concession area. Firestone, like any commercial companies, sole goal is the pursuit of profit. Zaza – Go and do your own research…it’s right there on Google. There is something going on but I’m sorry I don’t have the time nor the interest research it because I’m not a rubber farmer or sector analyst.why you embarrass the man like that Phil. “We currently have a total membership of over ten thousand and the Firestone workforce is our local number one in our structure of the Agriculture, Agro-Processing and Industrial Workers Union of Liberia,” he said.He also stated that the current pension scheme introduced by Firestone’s management is also a major component of the discussion, which was also not finalized before they came up with such a unilateral decision to only thwart every effort that will promote industrial harmony in the country. you are right he was looking at the monthly index and not the longitudinal data. Firestone Liberia has for several years stated that it is “bleeding” — operating at a loss, that is, citing what it claims are the dismal prices of natural rubber on the world market, which declined by about 80 percent between 2011 and 2016. Note, legally, these two companies are separate. And not even due regard given the union’s leadership, the company acted as though there is not any union in existence with the company,” he said.He warned that the leadership of the AAIWUL will not be a signatory to any document that will not address the current situation at Firestone Liberia until there can be a full investigation and or discussion with the immediate involvement of the Government of Liberia’s labor regulatory agency, the Ministry of Labor.He, however, cautioned that the situation is beyond politics and called on the government to do the needful thing to address the situation.According to Mr. Garcia, Firestone Liberia employs well over 6,800 persons, though the plantation is host to around 80,000. Firestone Liberia has expressed its disappointment at utterances from members of the government joint working group established by the Office of the President of Liberia to collaborate on meaningful solutions to help make the company’s business sustainable. Weah Meets Stiff Resistance from Ruling Party,Liberia: ‘Illegal’ Trucking of Voters Mar Start of Voters Roll Ahead of Senatorial Midterm Elections,Liberia: CPP Blows Alarm Over Mobile Voter Roll,Liberia: A Government with Two Tongues – Weah and His Officials Must Speak with One Voice on Sexual & Gender-Based Violence,Baptist Prelate Slams ‘Benevolent’ Dictatorship For Liberia. I based my comment on the sales numbers and profit numbers. However, he said, such benefits have been provided at a loss, with the company incurring debt financing approaching US$200 million — all just to keep the company running — and that it was “questionable if Firestone will survive.”.According to Mr. Yanqui Zaza, a financial expert, he sees Firestone Liberia’s financial picture quite differently.“Let us remember, tire, which is made from latex, generates about 80 percent of the revenue of Bridgestone,” he said. In a communication to the House of Representatives, the company, through its General Manager, Don Darden said the process was approved following several negotiations with the Ministry of Labor, the joint working group and representatives of the Firestone workers’ union.“It was agreed by the steering committee that the workforce reduction was being carried out in accordance with the laws, and that the management of Firestone Liberia was given the full go ahead to proceed with its redundancy process as agreed by all parties involved and approved by the Ministry of Labor,” the company wrote in its letter to plenary.”.Since the company announced its plan to redundant 374 workers this year, the House of Representatives has intervened on several occasions in order to save the workers from losing their jobs in the midst of the economic hardship that is being exacerbated by COVID-19.Members of Margibi County Legislative Caucus have termed the company’s decision to enter into agreement with subcontractors who will in turn rehire some of these redundant workers for tapping as a strategy to shy away from its corporate responsibilities.They argued that rehired workers will be denied of the benefits such as education and health by these subcontractors.In July 2020, the House, following a legislative inquest, placed a stay order on Firestone’s plan until it can submit a comprehensive redundancy plan to the Ministry of Labor that will be in line with the labor laws of Liberia.The company’s top management was also requested to reappear before plenary with records of its transactions over the last five years.But it did not appear and following a communication from Representatives Tibelrosa Tarponweh of Margibi County on Tuesday, informing plenary of the company’s violation of the stay order, Firestone was summoned under contempt charges to appear on Thursday, September 3 with its lawyer.However, the management, in the communication said it was unable to appear at the scheduled plenary hearing because of unavoidable business commitments.Majority members of the House in Thursday’s sitting expressed their disenchantments over the ‘company’s defiance’ and voted unanimously in favor of a motion proffered by Rep. Johnson Gwaikolo of Nimba County District #9, citing the company’s top management to appear on Tuesday, September 8, 2020 to show why it should not be held in contempt for the actions.Earlier, House Speaker Bhofal Chambers informed plenary that staffers at the company’s sub-office in Monrovia Tuesday, September 2, 2020 refused to accept the House’s letter inviting Firestone management on grounds that it does not handle administrative matters.Speaker Chambers said he was constraint to use his pilot vehicle to deliver the communication to the company’s headquarters in Harbel, Margibi County.© 2020 - FrontPageAfrica. “Like the auto industry was for Detroit — except for an entire country.” Return on capital takes a long time in the rubber farming business because trees can take an average of 4-5 years to maturity. “Firestone is the anchor,” said Gyude Moore, Liberia’s former public works minister. “Because there was no new planting due to the Liberian civil war,” he added, “current production remains low.”.However the company is currently running an ambitious nursery project that is expected to speed up production through new nursery technology.

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