An olive branch to staff? Elliott Goodyear proposals don’t cut jobs
While Goodyear executives’ latest financial results include plans for a brand review and additional cost-cutting measures, the way forward suggested by one of the company’s largest shareholders apparently doesn’t include further job cuts: “For the avoidance of doubt, we are not calling for any reductions in plant capacity or factory workforce” Elliott Investment Management wrote in the 11 May 2023 letter.
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