Advertisement
YOU ARE HERE: LAT HomeCollectionsFixme

Business Briefing / Automotive

Goodyear to slash 5,000 jobs

February 19, 2009|Times Wire Reports

Goodyear Tire & Rubber Co. said it planned to cut nearly 5,000 jobs this year after a sharp sales drop led to a $330-million fourth-quarter loss.

The Akron, Ohio-based company said demand for new tires was weak as auto sales slump. The market for replacement tires is also down because people are driving less.

The job cuts equal almost 7% of the company's workforce and follow the elimination of about 4,000 jobs in the second half of last year.

Advertisement
Los Angeles Times Articles
|
|
|