Goodyear to axe 340 jobs in non-tyre units

By Patrick Raleigh, ERJ On-line news editor

Akron, Ohio-Goodyear Tire & Rubber Co. is axing around 340 jobs under a cost-cutting rationalisation programme at its Engineered Products and Chemical businesses, Goodyear announced 10 Sept.

Some 240 of the job losses will be in Engineered Products business. The Akron group has posted third quarter charges of between $23.5 million and $27.5 million for rationalization of the unit as well as future charges of $4.6-6.5 million.

The Chemical business is to shed the remainder of the job losses, for…

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