Fifty years after Goodyear technology was used on the Apollo 11 mission, the Akron-based tire and rubber company is conducting its own research in space.AKRON, Ohio — Goodyear Tire & Rubber Co is laying off employees and cutting costs in response to weak demand for new tires and higher costs.
global workforce. Spokesman Doug Grassian said approximately 90 salaried workers in Akron will be laid off.CEO Richard Kramer said the last three months ofDemand for replacement tires was weak, according to the company, led by a 12% decline in Goodyear’s international markets. Goodyear is also dealing with the impacts of inflation, including significant increases in energy costs.
“While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success,” Kramer said in a prepared statement.
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