Goodyear job cuts equate to a quarter of EMEA’s salaried workforce
The so-called the “business transformation programme” centres on Goodyear EMEA’s salaried workforce and so it does not impact the company’s manufacturing workforce, which has been addressed separately (Photo: Arno Borchers/Profil-Verlag)
Yesterday Goodyear shared initial details of how the firm plans to restructure its Europe Middle East and Africa (EMEA) business. Consultation is ongoing, but “around 1,200” jobs will be cut in the region.
While news of restructuring-related job cuts is clearly a concern for current Goodyear salaried employees, the Akron, Ohio, USA-based tyremaker also said that it will create 500 new roles. Tyres & Accessories understands that these new positions mostly relate to the Goodyear’ global business services (GBS) operation, meaning they relate to certain cross-border corporate functions such as finance and human resources (HR).
Executives reported that the net impact of the restructuring programme is a roughly 15 per cent reduction in salaried headcount. However, since Goodyear employs a salaried workforce of around 5000 in EMEA, the 1200 job cuts announced yesterday equates to a 25 per cent reduction before the new positions are taken into account.
Comments