Goodyear signals major restructuring plan in the US

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Akron, Ohio – Goodyear Tire & Rubber is studying a plan to restructure its US operations in a bid to improve business competitiveness, according to chief financial officer Darren Wells.

“We are working on a significant restructuring plan to reduce low-value. high-cost capacity in the US,” Wells said in a 26 July conference call.*

The move will bring about savings “at least as high as the actions in Germany,” said Wells, referring to a reorganisation programme announced in Germany in March.

Read the source article at European Rubber Journal