Summary
NEW YORK -- Goodyear Tire & Rubber Co. said Friday it will close an undisclosed number of plants as part of a sweeping restructuring aimed at improving its North American tire business and saving up to $1 billion over the next three years.
The Akron, Ohio-based company, the world's largest tire maker, did not say how many jobs would be affected, how many plants would be closed or their locations. But it did say it would focus the cuts on high-cost plants and increase sourcing from Asia as it seeks other ways to boost productivity while introducing new products.See the full content of this document
Extract
Goodyear to Close Plants
Goodyear said it plans to cut high-cost capacity between 8 percent and 12 percent...
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