TITLE

Goodyear's major restructuring starting to pay off

PUB. DATE
November 2007
SOURCE
Rubber & Plastics News;11/12/2007, Vol. 37 Issue 8, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on how corporate restructuring is helping in the revival of Goodyear Tire & Rubber Co. It is said that due to some bad decisions and tough market conditions, the stock prices of Goodyear declined to 4 dollars in 2003 and the industry started spculations about its bankruptcy. However, the company decided to focus on its core tire manufacturing business along with reducing its operating cost. These efforts resulted in resurgent profits and the share prices also recovered.
ACCESSION #
56652058

 

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