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Goodyear Cutting 5,000 More Jobs

By M.R. KROPKO
,
AP
posted: 356 DAYS 17 HOURS AGO
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CLEVELAND (Feb. 18) -Goodyear Tire & Rubber Co., the biggest U.S. tire maker, said Wednesday the global economic slowdown will force it to cut nearly 5,000 jobs this year after it posted a fourth-quarter loss and revenue sank 21 percent.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
2009-02-18 07:36:41

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Goodyear Tire & Rubber Co., the biggest U.S. tire maker, plans to cut 5,000 jobs this year after posting a fourth-quarter loss of $330 million and a 21 percent decline in sales.