How likely is that there will be Goodyear Tire Layoffs in 2019?
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Rumors are spreading rapidly about layoffs. As an employee with less than 20 years of service, I must admit that alot of this is due to poor management. The things I've seen you just wouldn't believe. For instance they laid off a supervisor with 29 years experience for a supervisor with 6 months, and they wonder why we can't make the ticket. They have ran this plant in the ground and never reinvested what they should have. Now that it's crunch time everything is breaking down and taking months to repair, poor management. Supervisors make workers run product that isn't needed just to get numbers. The environment here is run, run, run, whether we need it or not. It's not that the workers can't get the job done and make the ticket, it's the fact that management has continuously made bad decisions. No one wants to be laid off, but it will soon happen if management doesn't get it's sh– together.
Goodyear Gadsden will be downgrading to a 8 hour conventional work schedule. The plant currently runs a 24 hour 7 day per week continuous operation. Currently there are 4 shifts and the move will cut a whole shift out of the production week. Estimates are around 300-500 jobs.
Going by the volatility in stock price, likely. Going by how to efficiently manage the company by getting rid of the irrelevant mid-management fat, should BE very likely. They are worthless. The company has always been run so very poorly and somehow management has always gotten away with it, even back when the stock had hit $3.00.