After criticism of mismanagement, Goodyear Tire to sack 1,200 workers
AKRON, Ohio: This week, Goodyear Tire and Rubber Company announced that it would cut 1,200 workers to implement a rationalization and workforce reorganization plan covering Europe, the Middle East, and Africa.
In May, activist investor Elliott Investment Management criticized Goodyear for mismanagement and failing to keep pace with rivals Michelin and Bridgestone.
The criticism by Elliott, which holds a 1