Goodyear to close 92 U.S. stores, cut jobs »
Posted By STONERS 10 months, 2 weeks ago in Business & Finance
Goodyear Tire & Rubber Co said it would close 12 percent, or 92, of its company-owned U.S. stores and cut 600 full- and part-time jobs as the U.S. economic downturn put more pressure on the company.
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STONERS10 months, 2 weeks ago
"In the current economic condition, people are driving less and it obviously affects every facet of the U.S. auto industry, including how often they replace tires or buy new cars," Goodyear spokesman Keith Price said on Tuesday after the announcement."
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"The current economic condition further impacted the stores, but they were not performing well before this year. And we don't expect them to perform well," Price said. Goodyear owns 742 stores in the United States." -
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TheRealizer10 months, 2 weeks ago
Domestic manufacturers are having an uphill battle trying to compete with the foreign companies some of whom are subsidised by their governments.........
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BronxBomber10 months, 2 weeks ago
Sadly, this is the sign of the times, and an all too familar scenario of history repeating itself...
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:o/
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