Goodyear Tire To Cut 700 Jobs, Sell Retail Stores in Asia Pacific
September 22, 2023
Goodyear Tire & Rubber has revealed plans to cut 700 jobs and divest approximately 100 retail stores and fleet locations as part of a rationalization initiative in its Asia Pacific segment. This move is projected to enhance the segment’s operating income by about $50 to $55 million in 2025, with a concurrent improvement in profitability for Australia and New Zealand operations. Additionally, Goodyear will exit nine warehouse locations as part of this restructuring effort, which is set to conclude by the end of 2024, incurring estimated pre-tax charges between $55 and $65 million.
Recent News
Pickleball Expands Internationally to India
Pickleball, America’s booming sport, aims to spread its games in India, the world’s most populous country.
Amazon Prime Announces It Has Faster Deliveries
Amazon reports that its Prime deliveries are now even speedier. With over 2 billion packages reaching customers in a day or less this year, the company claims its delivery system is picking up its pace.
H-E-B Recalls Ice Cream Cups Due to Metal
The popular frozen treat has been pulled from store shelves in a voluntary company recall.
Chipotle Scraps Farmesa Fresh Eatery After Ghost Kitchen Closure
Chipotle Mexican Grill’s venture into the Farmesa Fresh Eatery concept has come to an abrupt halt following the closure of its partnering platform Kitchen United’s ghost kitchens.