Goodyear Tire and Rubber announced plans on Feb. 18 to cut 5,000 more jobs and to freeze salaries in 2009 after a fourth-quarter loss of $330 million.
The job cuts come in addition to 4,000 eliminated in the second quarter of 2008, the company said.
In the fourth quarter, Goodyear saw sales slump 20% to $4.1 billion, with the crisis in the automotive sector taking its toll.
Copyright Agence France-Presse, 2009
