Company/Organisation:
Goodyear Tire & Rubber
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
22 - Manufacture of rubber and plastic products
Number Employed:
72000
Employment Effects
Announcement Date:
19-02-2009
Planned Job Reductions min:
5000
Planned Job Reductions max:
5000
Type of Restructuring:
Internal restructuring
Foreseen End Date:
31-12-2009
Additional Information
Goodyear, the US-based world´s largest tire company, is to cut 5,000 jobs out of a total 72,000 worldwide due to the financial loss of USD 330 million in fourth quarter of 2008. The restructuring programme would cut operational costs by USD 700 million this year.
Sources:
19-02-2009Hospodárske noviny
MEMBER OF THE NETWORK OF EU AGENCIES
Eurofound is an agency of the European Union