Strike costs Goodyear $350 million

?Despite the financial impact, it is clear the strike achieved our required outcome,? Goodyear?s chief financial officer Richard Kramer told investors and reporters during a conference call.

Kramer said the Akron-based company estimates the strike by the United Steelworkers union representing workers at Union City, Tenn., and 11 other plants in 10 states and Canada drained between $30 million and $35 million a week, mostly because of lower production and lost sales.

At 12 weeks long, that means the work stoppage could cost Goodyear between $360 million and $420 million.

Most of that hit will be absorbed in the fourth quarter, which ended Dec. 31, Kramer said. He warned that ?we will see an additional strike impact in the first half of 2007.?