Goodyear suffering from flat tyres
Operating costs are being drastically reduced at Goodyear and the plan is to save 700 million USD this year. Part of the cost reduction is to be made by a further cutback in staffing of 5,000 employees. Over the last three years, cost savings of 1.8 billion USD were achieved by redundancies, reducing production and closing production plants. Goodyear is planning a further cutback in production by 15,000 to 25,000 tyres in order to match production to demand.