The third largest tire company in the world Goodyear Tire & Rubber Co. announced its fourth-quarter profit rose to 52 million dollars, boosted by strong U.S. and international premium tire sales.
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Goodyear Tire and Rubber, with a company pension plan since the 1930s, killed its pension plan and put about 40,000 employees into employee-paid 401(k) plans.
This is the tip of the iceburg as more and more big-name companies dump their company pension plans.
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The Goodyear Tire & Rubber Company has announced the movement of creative and image advertising and marketing for its Kelly tire brand to Akron-based Hitchcock Fleming & Associates, an agency associated with Goodyear retail marketing for more than five decades. The move was made without an agency review.
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