IN a momentous strategic maneuver under its “Goodyear Forward” transformation blueprint, The Goodyear Tire & Rubber Company has unveiled plans for the complete shutdown of its Shah Alam facility in Malaysia by the close of 2024. This decisive action, affecting 550 positions, heralds a pivotal change in the company’s footprint in Malaysia and sparks inquiries into the future trajectory of its 180 Goodyear AutoCare outlets nationwide.
Established in 1972, the Shah Alam factory has stood as a cornerstone of Goodyear’s Malaysian operations, embodying a longstanding dedication to the local economy and automotive sector. However, its impending closure mirrors the overarching strategy delineated in the “Goodyear Forward” agenda, geared towards achieving annualised cost savings of $1.0 billion by 2025. This strategic roadmap encompasses shedding the Dunlop brand and rationalising the company’s global presence to bolster shareholder returns and fortify competitiveness within the sector.
