Firestone Liberia cutting 800 jobs on low rubber prices

Harbel, Liberia – Firestone Natural Rubber Co. has announced plans to reduce its workforce by 13% – around 800 employees – in Liberia, west Africa, by the second quarter of 2019.

The ‘indirect subsidiary’ of Bridgestone Americas Inc. linked the decision to “continued and unsustainable losses due to high overhead costs.”

Factors also included the impact of prolonged civil wars on production and low rubber prices, Firestone Liberia, part of Firestone Natural Rubber, further stated 18 March.

Job cuts, it said, will occur across the company’s operations and…

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