Goodyear plans more cuts as sales, earnings tumble

Akron, Ohio — Goodyear plans to cut its work force by another
5,000, freeze salaries and reduce capacity as part of a plan to trim
costs and regain profitability in 2009.

Those and other actions are aimed at addressing a weak economy and
losses in both the fourth quarter and for the full year, the company
said when it released its financial reports for 2008.

Other moves the company plans on making in 2009 include: the launch of
more than 50 new tyres; implementing new cost control policies to
eliminate nonessential discretionary spending;…

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