Goodyear Tire & Rubber

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
150 jobs
Number of planned job losses
Job loss
Announcement Date
30 June 2006
Employment effect (start)
Foreseen end date

Description

Goodyear Tire & Rubber, one of the world´s leading tire companies, announced restructuring actions in its European Union business unit that are expected to eliminate more than 150 positions. This measure involves cost reduction in selling, administrative and logistic areas by one billion USD within 3 years. The company manufactures tires, rubber products and chemicals in more than 90 facilities in 28 countries around the world and employs about 80,000 people worldwide.

Sources

  • 30 June 2006: Hospodárske noviny

Citation

Eurofound (2006), Goodyear Tire & Rubber, Internal restructuring in European Union, factsheet number 63701, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63701.