Goodyear ‘to roll back Australian operation’

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. 20.03.2018
    by      In
    The NSW Government has announced a one-off package of up to $47 million to help local government and industry to respond to China’s National Sword policy.
    The announcement came from Environment Minister Gabrielle Upton, who said: “NSW has a strong kerbside recycling system and the Government,... Read More
  2. 20.03.2018
    by      In
    AMTIL will be using its presence at NMW to set the scene for a busy events programme over the coming year.
    AMTIL has a long-standing relationship with NMW, having colocated its own Austech exhibition with NMW for many years, and continuing to do so every second year in Melbourne. AMTIL’s... Read More
  3. 20.03.2018
    by      In
    A local  cosmetics brand called Australian Creams has topped a list of the most trusted national name among mainland Chinese consumers, according to a new index from Monash University.
    The brand, owned by family-run G&M Cosmetics and based in Sydney’s Sutherland Shire, was ranked above big-name... Read More
  4. 20.03.2018
    by      In
    NSW's rail expansion has been met with issues up and down the supply chain, but one of the earliest was the revalation that new trains were built too wide to safely fit through existing tunnels in the Blue Mountains. 
    Now, alongside prepared plans to alter existing tunnels, platforms, and stations... Read More