UPDATE 1-Goodyear to cut about 500 jobs, record charge

Newswire

(Rewrites first paragraph, adds company to record charge, background, closing stock price) CHICAGO, Aug 28 (Reuters) - Goodyear Tire & Rubber Co. said on Thursday it will cut 19 percent of the salaried, nonunion jobs at its North American plants, or about 500 positions, as part of a two-year turnaround plan. Goodyear said the cuts will result in a third-quarter charge but declined to comment on the exact amount. The reductions, expected to save about $40 million a year, will ...

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