HTN: Goodyear Cutting More Jobs Nationally

Goodyear Tire & Rubber Co. will cut another five-thousand jobs by the end of this year. The company announced the cuts yesterday, along with its 330-million-dollar fourth-quarter losses. Few details have been released about where most of the cuts will take place, but there will be around 150 jobs leaving Buffalo. Those 150 are actually part of four-thousand cuts the company announced in 2008. The company also announced salary freezes across the world, lowered manufacturing costs by reducing work schedules and third-party sourcing, and decreasing manufacturing capacity by 15-million units over the next two years. Goodyear will launch about 50 new products worldwide this year, including 16 new products presented at the North American Dealer Conference earlier this month.