Goodyear closes plants, may sell a division.Goodyear Tire & Rubber, Akron, OH, plans to close an undisclosed number of plants in various locations, part of a sweeping restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). aimed at improving its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. tire business and saving up to $1 billion over the next three years. The company did not say how many jobs would be affected. It also did not say how many plants it will close or their locations, but added that cutting high-cost capacity will be a key consideration. Goodyear said it plans to cut high-cost manufacturing capacity between 812%, resulting in expected annual savings of $100 million to $150 million. The company said it would increase sourcing from Asia. Goodyear also said it is exploring the possible sale of its Engineered Products business. The company has engaged J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Securities and Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. as financial advisors. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion