Goodyear cutting 1,200 positions outside of U.S.

Goodyear Tire & Rubber Co. will cut about 1,200 positions in its Europe, Middle East and Africa (EMEA) sector due to a decline in sales. This represents about 15% of the company's EMEA salaried staff. The layoffs are part of a broader plan that will be announced later this year. Goodyear is undergoing a strategic review and is in discussions with major investor Elliott Investment Management. The company plans to streamline its EMEA region, centralize corporate functions, and consolidate research and development activities. It expects to share the broader plan with investors in the fourth quarter.

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Frequently Asked Questions

Goodyear cutting 1,200 positions outside of the U.S.

Based on the search results, here are some FAQs related to Goodyear cutting 1,200 positions outside of the U.S. according to the Akron Beacon Journal:

1. What is the reason behind Goodyear cutting 1,200 positions outside of the U.S.?

According to the search results, the articles do not mention the specific reason for the job cuts. However, one article mentions that Goodyear Tire & Rubber Co. plans to cut about 1,200 positions in its Europe, Middle East, and Africa operations.

2. Which regions will be affected by the job cuts?

The job cuts will primarily affect Goodyear's Europe, Middle East, and Africa operations.

3. When was the announcement made?

The articles indicate that the cuts were announced 7 hours ago.

4. Are there any specific countries mentioned where the job cuts will take place?

The search results do not specify the countries where the job cuts will take place. However, there is an article mentioning a protest by Goodyear workers at a tire plant in Fulda, Germany, which suggests that Germany might be one of the affected countries.

5. How does this announcement impact Goodyear's overall performance?

The search results include an article mentioning that Goodyear reported its strongest second quarter in a decade in a separate report. However, another article states that Goodyear posted a fourth-quarter loss and cited the European market and inflation as reasons.

Please note that the provided information is based on the search results and the content of the articles linked. For more detailed and up-to-date information, it is recommended to refer to the original articles.