Goodyear to close Australian plant, cut 600 jobs


DETROIT, June 25 (Reuters) - Goodyear Tire & Rubber Co said on Wednesday it planned to close a tire plant in Australia by the end of 2008 under its long-term plan to eliminate high-cost production capacity, cutting 600 jobs. Goodyear, the largest U.S. tire maker, also said it had completed a three-year restructuring goal of eliminating 25 million tires of annual production from higher cost countries to save the company about $150 million per year in costs. The tire maker has ...

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