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You are here: Home1 / News2 / Company News3 / Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected...

Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA

Date: 27th January 2023 Author: Chris Anthony Comments: 0
Goodyear expects its EMEA business unit to report a fourth-quarter segment operating loss of approximately $80 million. Goodyear’s Luxembourg innovation centre – of the company’ key EMEA facilities – is pictured (Photo: Goodyear)

Goodyear Tire & Rubber Company is planning “rationalization and workforce reorganization” actions that would result in a 5 per cent reduction in salaried staff globally, or about 500 positions. According to executives, the move has been prompted by the “challenging industry environment and cost pressure driven by inflation.” However it is also attributed to weaker-than-expected fourth-quarter results:

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Related news:

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