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. 14.12.2018
    14.12.2018
    by      In
    The convenience of opening doors or logging onto computers with the wave of a hand is now possible with new technology that enables humans to be microchipped.
    A human microchip is the size of a grain of rice and it is implanted into the hand, between the thumb and forefinger, in a quick and fairly... Read More
  2. 14.12.2018
    14.12.2018
    by      In
    An additional $500,000 Federal Government investment is set to allow Deakin’s ManuFutures advanced manufacturing business incubator to set up a new acceleration programme for its members. The new ManuFutures Export Acceleration Programme (MEAP) will support the emerging businesses to strengthen... Read More
  3. 13.12.2018
    13.12.2018
    by      In
    After a long stint as the Asia-Pacific Managing Director of 600 Machine Tools, Cliff Purser is retiring from his post in Sydney, and returning to live in New Zealand.
    The genial Englishman has led the 600 team in Australia since transferring in November 2004 from the position of New Zealand... Read More
  4. 13.12.2018
    13.12.2018
    by      In
    Adelaide has been chosen as the headquarters of the newly established Australian Space Agency.
    The Australian Space Agency was officially launched on 1st July and received $41 million over four years from 2018-19 in the federal budget to “grow the Australian space industry,” including $26 million... Read More