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Goodyear announces workforce reorganization; company cutting around 500 jobs globally

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According to Goodyear Tire & Rubber Company, a 5% reduction in salaried staff, or roughly 500 positions globally, is underway as the company conducts a workforce reorganization.

AKRON, Ohio — According to Goodyear Tire & Rubber Company, a 5% reduction in salaried staff, or roughly 500 positions globally, is underway as the company conducts a workforce reorganization in response to a decline in the tire industry and inflation.

The company said demand for global tire replacement"remained weak" in its fourth quarter, prompting the cuts.

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