Group In Crisis: Pacific Dunlop Ltd.

Pacific Dunlop itself is in deep water, but now also the daughter company South Pacific Tyres, which is a 50:50 joint-venture with Goodyear, going back almost 15 years, is itself experiencing big problems. The company will cut 495 of 1,865 jobs at its three Melbourne-plants and stop making truck tyres altogether. South Pacific Tyres will import 100 % of its truck tyre needs.