Bigger tyres, less jobs: Goodyear announces bittersweet investment for Germany

19th March 2019 | 0 Comments
 
Bigger tyres, less jobs: Goodyear announces bittersweet investment for Germany
Goodyear is investing in 17” and higher production in its Hanau (pictured) and Fulda plants – but overall capacity will decline, and 1,100 jobs eliminated

Goodyear is investing 106 million euros (£90.6 million) to modernise two of its tyre plants in Germany. The investment in the Hanau and Fulda facilities will increase their capacities to produce tyres for 17-inch and larger rim diameters; Goodyear Dunlop Tires Germany intends to add an extra 2.5 million units to its annual capacity in this segment. But it isn’t all good news – the company reports that these modernisation measures will lead to the loss of approximately 1,100 jobs.

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Category: Company News, International News

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