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Goodyear Initiates Strategic Streamlining in Asia Pacific

Goodyear Streamlining Asia Pacific
Goodyear Streamlining Asia Pacific
Goodyear plans to cut 700 jobs and sell 100 retails stores.

Goodyear to Cut 700 Jobs and Sell 100 Retail Stores

Goodyear Tire & Rubber is embarking on a strategic rationalisation plan for its Asia Pacific segment, which includes slashing 700 jobs and divesting approximately 100 retail stores and fleet locations.

This initiative is set to have a positive impact, bolstering the segment’s operation income by an estimated $50 million to $55 million by 2025.

The tyre manufacturer also anticipates an upswing in profitability within its Australia and New Zealand operations as a result of th...

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