Goodyear Takes Charges, Slashes (340) Jobs

UpInArms

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Fri Sep-10-04 09:40 AM
Original message

Goodyear Takes Charges, Slashes (340) Jobs

http://olympics.reuters.com/newsArticle.jhtml?type=businessNews&storyID=6205242

NEW YORK (Reuters) - Goodyear Tire & Rubber Co. (GT.N: Quote, Profile, Research) said on Friday it plans to take third-quarter charges for cost-cutting efforts in its engineered products and chemical divisions.

The company, one of the world's largest tire producers, will record a charge of between $23.5 million and $27.5 million from cost- cutting in its engineered products group, including a reduction of 240 jobs. It will also take a charge of between $5.5 million and $6 million from cutting 100 jobs in its chemical business by the end of the year.

...very short newsblurb...

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madinmaryland

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Fri Sep-10-04 09:41 AM
Response to Original message

1. They better not slash my tires!

:grr:

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