The Goodyear Tire & Rubber Company (NASDAQ: GT) has unveiled its intentions to redefine its operational presence in the Asia Pacific region, emphasizing Australia and New Zealand. The tire behemoth aims to transition from owning its establishments to embracing a third-party distribution and retail model.
This strategic shift will culminate in the shedding of around 700 roles, exit of nine warehouse sites, and the divestment or cessation of nearly 100 retail and fleet outlets. The company intends to share its broader plan with investors during the fourth quarter.
Broader Business Vision: This isn't an isolated move. It's a fragment of a more ...