Goodyear to Reduce Staff, Freeze Worldwide Salaries CEO: 'We are taking aggressive action ... to better match market conditions'

摘要

Following the announcement that it had sustained fourth quarter net losses of USD 1.37 per share and that net revenues had also fallen 19.9 per cent year-on-year to USD4.1 billion, Goodyear's full year results for 2008 revealed the extent to which the fourth quarter was down on 2007, showing a mere 1 per cent drop from the previous year's record sales of USD 19.6 billion. The manufacturer also reported that it had seen increases in Goodyear-branded market share. However, the companys statement on the figures took the opportunity to announce Goodyear's plans to freeze salaries, cut an additional 5,000 jobs -though it is yet to be decided which markets will see these job losses - and sell non-core assets in an effort to cut costs and operating expenses by USD700 million during 2009 fiscal year.