none
none

Goodyear ‘to roll back Australian operation’

31-08-2010
by 
in 
Goodyear ‘to roll back Australian operation’

Goodyear Tyre & Rubber, owner of Beaurepaires is shrinking its Australian and New Zealand operations to focus on higher-growth Asian countries.

According to The Australian the company recently told investors in the US that weak economic conditions in Australia and New Zealand were holding the company back.

In the company's annual report, released earlier this year, Goodyear revealed it had "initiated plans relating to the closure of several retail facilities in Australia and New Zealand".

The company also said it had cut staff numbers.

Goodyear currently employs about 2800 people in Australasia.

Beaurepaires is one of the leading tyre, wheel and car battery providers in the region.

Goodyear chairman and chief executive Richard Kramer told investors that while the company's Asian business was logging record earnings, things were not going so well in Australia.

"The Australian mining boom has slowed down a little bit and the Australian economy, from a consumer perspective, has also slowed down a little," Mr Kramer said at an investor day in New York. "We have a big retail presence in there and we're looking at what we need to do to restructure that business in line with selling tyres where we can add value for our customers and ourselves."

Last year the company closed a tyre tread manufacturing plant at Ballarat in Victoria, costing 26 jobs.

A local spokesman for Goodyear told The Australian any further jobs cuts were yet to be determined.

Related news & editorials

  1. ETA’s warehouse has extensive Bonfiglioli stock
    11.01.2018
    11.01.2018
    by      In
    Bonfiglioli’s partnership with its largest Australian distributor, Engineering Transmission Agencies (ETA), brings quality, reliability and performance to Queensland and Northern NSW customers in industries such as mining, manufacturing, bulk materials handling, food and beverage, water and waste.... Read More
  2. Australian flag
    11.01.2018
    11.01.2018
    by      In
    It’s official: Australia is an Innovation Champion. That is the view of the US Consumer Technology Association, which launched its inaugural International Innovation Scorecard at the Consumer Electronics Show in Las Vegas.
    The scorecard is a development from the association’s annual ranking of US... Read More
  3. 10.01.2018
    10.01.2018
    by      In
    Australian company CST Wastewater Solutions has put together an environmentally friendly and cost-efficient wastewater treatment system for smaller, remote and ecologically sensitive community, municipal, agribusiness and industrial applications throughout the Asia-Pacific region.
    The two-stage... Read More
  4. 10.01.2018
    10.01.2018
    by      In
    US-based utility-scale solar power specialist SolarReserve has received development approval for its Aurora Solar Energy Project in South Australia.
    The project is located on farmland 30km north of Port Augusta and is centred on a 150MW solar thermal power station with 1100MWh of molten salt energy... Read More