The Goodyear Tire & Rubber Company at a Glance

Uppers

  • Good pay & benefits
  • Factories located in areas with lower cost of living
  • Job security

Downers

  • Long hours
  • Rigid corporate structure
  • Difficult to stand out in a company with 72,000 employees

The Bottom Line

  • With 72,000 employees working at 56 plants in 22 countries, opinions about life at Goodyear run the gamut. But the company's reputation and salaries ensure that it will continue to attract high quality candidates.

About The Goodyear Tire & Rubber Company

Goodyear Tire & Rubber is working to unseat tire industry leaders Bridgestone and Michelin (by total sales). Goodyear sells mainly new tires under the Goodyear, Dunlop, Kelly, Fulda, Debica, Just Tires, and Sava brand names. Goodyear makes, markets, and sells Dunlop tires across the Americas, the EMEA, and the Asia/Pacific. In Japan, the tire makers own businesses that sell tires separately to OEMs and to aftermarket companies. Goodyear sells more than 55% of its products outside the US.

Operations

Goodyear operates across three main geographic segments: the Americas; Europe, Middle East & Africa (EMEA); and Asia/Pacific. The Americas accounted for 54% of 2016 sales. It makes tires at six plants in the US and two in Canada, and it also has Latin American plants in Brazil, Chile, Colombia, Peru, and Venezuela. The segment offers automotive repair and maintenance through about 600 locations that operate under the Goodyear and Just Tires banners.

The EMEA segment (32% of net sales) operates 14 tire plants in France, Germany, Luxembourg, Poland, Slovenia, South Africa, and Turkey. Besides serving the regions' auto, truck, and farm and construction equipment manufacturers, the segment's plants export tires to North America and other regions. The company owns about 80 retail outlets across the region.

The Asia/Pacific segment (14% of sales) makes tires via seven plants in China, India, Indonesia, Japan, Malaysia, and Thailand. It sells tires under the Goodyear brand throughout the region, as well as the Dunlop brand in Australia and New Zealand. The segment has about 230 retail outlets in Australia and New Zealand that operate under the Beaurepaires and Frank Allen brands.

Geographic Reach

Goodyear boasts about 50 facilities across 20-plus countries, as well as about 1,100 tire/auto repair centers. The US and Germany are its largest markets, generating 44% and 12% of sales, respectively.

Sales and Marketing

Goodyear, Dunlop, and Kelly brand tires are sold in the Americas through several channels of distribution, including a large network of independent dealers, numerous national and regional retailers, and company owned stores in the US. It has expanded its roll-out of online tire sales particularly in the US.

Goodyear and Dunlop brand tires are sold for replacement in EMEA through various channels of distribution, principally independent multi-brand tire dealers. In some areas, Goodyear brand tires, as well as Dunlop, Debica, Sava and Fulda brand tires, are distributed through independent dealers, regional distributors and retail outlets. In Asia/Pacific, tires are sold through licensed and franchised retail stores and multi-brand retailers through wholesale dealers.

Overall sales to original equipment customers accounted for roughly 20% of total sales in 2016.

Financial Performance

Goodyear's revenues have gradually fallen the last four years, with revenues dipping 8% from $16.4 billion in 2015 to $15.2 billion in 2016. The recent revenue drop was attributed to lower sales across all segments, unfavorable foreign currency translations, and unfavorable price and product mixes driven by the impact of lower raw material costs on pricing. It also lost revenue from the deconsolidation of its Venezuelan subsidiary.

Goodyear's profits have fluctuated wildly over the years. After plummeting by 87% to $307 million in 2015, profits skyrocketed by over 300% in 2016, reaching almost $1.3 billion. This massive surge was attributed to the absence of a previous loss in 2015 related to the deconsolidation of its Venezuelan subsidiary, a decrease in income tax expense in 2016, and fewer pension curtailment/settlement expenses.

The company's operating cash flow in 2016 decreased $183 million compared to 2015. This was primarily due to an increased use of cash for working capital of $75 million and lower segment operating income of $35 million.

Strategy

One factor that typically affects Goodyear's bottom line is how it manages its pension plan. Its US pension strategy includes the accelerated funding of pension plans in conjunction with significantly reducing exposure in the investment portfolio of those plans to future equity market movements. The fixed income investments held for these plans are designed to offset the subsequent impact of discount rate movements on the plans' benefit obligation so that the funded status remains stable.

Goodyear is targeting the Asia/Pacific as a region ripe for growth. In 2016 it purchased a controlling interest in Nippon Goodyear (NGY) in Japan, which helped to increase tire volume by 3.2 million units and accelerate growth in China and India. Also that year, the company launched three new consumer tires under the Goodyear brand, including the Goodyear Eagle F1 Asymmetric 3 and the Wrangler Triplemax. In addition, the Remington brand and two new commercial tire products in China were released.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

The Goodyear Tire & Rubber Company

200 Innovation Way
Akron, OH 44316-0001
Phone: 1 (330) 796-2121
Fax: 1 (330) 796-3183

Stats

  • Employer Type: Public
  • Stock Symbol: GT
  • Stock Exchange: NASDAQ
  • Chairman, President, and CEO: Richard J. Kramer
  • EVP and CFO: Laura K. Thompson
  • SVP, Global Operations and Technology: Joseph Zekoski
  • 2017 Employees: 64,000

Major Office Locations

  • Akron, OH

Other Locations

  • Anchorage, AK
  • Fairbanks, AK
  • Alexander City, AL
  • Birmingham, AL
  • Foley, AL
  • Gadsden, AL
  • Huntsville, AL
  • Lanett, AL
  • Mobile, AL
  • Montgomery, AL
  • Spanish Fort, AL
  • Tuscaloosa, AL
  • Vestavia Hills, AL
  • Benton, AR
  • Blytheville, AR
  • Fort Smith, AR
  • Hope, AR
  • Little Rock, AR
  • Pine Bluff, AR
  • Russellville, AR
  • Springdale, AR
  • Van Buren, AR
  • West Memphis, AR
  • Casa Grande, AZ
  • Glendale, AZ
  • Goodyear, AZ
  • Kingman, AZ
  • Litchfield Park, AZ
  • Mesa, AZ
  • Phoenix, AZ
  • Sierra Vista, AZ
  • Tucson, AZ
  • Winslow, AZ
  • Arcadia, CA
  • Azusa, CA
  • Bellflower, CA
  • Berkeley, CA
  • Buena Park, CA
  • Capitola, CA
  • Carson, CA
  • Cerritos, CA
  • Chino, CA
  • Citrus Heights, CA
  • City Of Industry, CA
  • Corona, CA
  • Costa Mesa, CA
  • Culver City, CA
  • Cupertino, CA
  • Daly City, CA
  • Diamond Bar, CA
  • Elk Grove, CA
  • Fontana, CA
  • Fresno, CA
  • Garden Grove, CA
  • Gardena, CA
  • Hayward, CA
  • La Canada, CA
  • La Crescenta, CA
  • Laguna Beach, CA
  • Los Angeles, CA
  • Los Gatos, CA
  • Maywood, CA
  • Merced, CA
  • Montclair, CA
  • Monterey Park, CA
  • Moreno Valley, CA
  • Norco, CA
  • North Hollywood, CA
  • Oak Hills, CA
  • Oceanside, CA
  • Ontario, CA
  • Orange, CA
  • Panorama City, CA
  • Pasadena, CA
  • Perris, CA
  • Rancho Cucamonga, CA
  • Redding, CA
  • Redlands, CA
  • Reseda, CA
  • Rocklin, CA
  • Sacramento, CA
  • San Fernando, CA
  • San Jose, CA
  • San Leandro, CA
  • Santa Ana, CA
  • Sherman Oaks, CA
  • Shingle Springs, CA
  • Simi Valley, CA
  • Stockton, CA
  • Sylmar, CA
  • Thousand Oaks, CA
  • Torrance, CA
  • Tustin, CA
  • Vernon, CA
  • Victorville, CA
  • Visalia, CA
  • Walnut, CA
  • Walnut Creek, CA
  • West Sacramento, CA
  • Yorba Linda, CA
  • Arvada, CO
  • Aurora, CO
  • Broomfield, CO
  • Centennial, CO
  • Colorado Springs, CO
  • Commerce City, CO
  • Denver, CO
  • Evergreen, CO
  • Golden, CO
  • Greeley, CO
  • Lakewood, CO
  • Littleton, CO
  • Northglenn, CO
  • Danbury, CT
  • Hartford, CT
  • Milford, CT
  • New London, CT
  • Norwich, CT
  • Vernon Rockville, CT
  • Wallingford, CT
  • Waterbury, CT
  • West Hartford, CT
  • Wethersfield, CT
  • Washington, DC
  • Claymont, DE
  • New Castle, DE
  • Newark, DE
  • Wilmington, DE
  • Bartow, FL
  • Brooksville, FL
  • Cape Coral, FL
  • Clearwater, FL
  • Coral Gables, FL
  • Davie, FL
  • Daytona Beach, FL
  • Destin, FL
  • Fort Lauderdale, FL
  • Fort Pierce, FL
  • Gainesville, FL
  • Greenacres, FL
  • Haines City, FL
  • Hialeah, FL
  • Hollywood, FL
  • Jacksonville, FL
  • Jupiter, FL
  • Lady Lake, FL
  • Lake Worth, FL
  • Lauderhill, FL
  • Melbourne, FL
  • Miami, FL
  • Naples, FL
  • North Miami, FL
  • North Miami Beach, FL
  • North Palm Beach, FL
  • Ocala, FL
  • Opa Locka, FL
  • Orange Park, FL
  • Orlando, FL
  • Panama City, FL
  • Pembroke Pines, FL
  • Pompano Beach, FL
  • Port Saint Lucie, FL
  • Punta Gorda, FL
  • Royal Palm Beach, FL
  • Sarasota, FL
  • Spring Hill, FL
  • Stuart, FL
  • Sunrise, FL
  • Tampa, FL
  • Tarpon Springs, FL
  • Vero Beach, FL
  • West Palm Beach, FL
  • Winter Haven, FL
  • Winter Springs, FL
  • Albany, GA
  • Atlanta, GA
  • Augusta, GA
  • Bremen, GA
  • Brunswick, GA
  • Canton, GA
  • Carrollton, GA
  • Columbus, GA
  • Conley, GA
  • Conyers, GA
  • Cumming, GA
  • Dalton, GA
  • Decatur, GA
  • Doraville, GA
  • Garden City, GA
  • Jackson, GA
  • Lawrenceville, GA
  • Macon, GA
  • Martinez, GA
  • Morrow, GA
  • Newnan, GA
  • Port Wentworth, GA
  • Rome, GA
  • Roswell, GA
  • Savannah, GA
  • Social Circle, GA
  • Stockbridge, GA
  • Sugar Hill, GA
  • Temple, GA
  • Tucker, GA
  • Valdosta, GA
  • Hilo, HI
  • Honolulu, HI
  • Kahului, HI
  • Kailua, HI
  • Kaneohe, HI
  • Mililani, HI
  • Waianae, HI
  • Waipahu, HI
  • Asbury, IA
  • Bettendorf, IA
  • Cedar Rapids, IA
  • Keokuk, IA
  • Urbandale, IA
  • Walcott, IA
  • Waterloo, IA
  • Caldwell, ID
  • Arlington Heights, IL
  • Aurora, IL
  • Berwyn, IL
  • Bloomingdale, IL
  • Bradley, IL
  • Chicago, IL
  • Deerfield, IL
  • Downers Grove, IL
  • East Peoria, IL
  • Effingham, IL
  • Elk Grove Village, IL
  • Elmhurst, IL
  • Franklin Park, IL
  • Hanover Park, IL
  • Hawthorn Woods, IL
  • Joliet, IL
  • Lansing, IL
  • Moline, IL
  • Morton Grove, IL
  • Mount Prospect, IL
  • Norridge, IL
  • Oak Lawn, IL
  • Peoria, IL
  • Plainfield, IL
  • Rockford, IL
  • South Beloit, IL
  • South Holland, IL
  • Springfield, IL
  • University Park, IL
  • Westmont, IL
  • Elkhart, IN
  • Evansville, IN
  • Fort Wayne, IN
  • Gary, IN
  • Haubstadt, IN
  • Indianapolis, IN
  • New Haven, IN
  • Portage, IN
  • Shelbyville, IN
  • Whiteland, IN
  • Kansas City, KS
  • Lenexa, KS
  • Shawnee Mission, KS
  • Topeka, KS
  • Frankfort, KY
  • Georgetown, KY
  • Glendale, KY
  • Lexington, KY
  • Louisville, KY
  • Oak Grove, KY
  • Richmond, KY
  • Shelbyville, KY
  • Baton Rouge, LA
  • Covington, LA
  • Greenwood, LA
  • Harahan, LA
  • Houma, LA
  • Lafayette, LA
  • Metairie, LA
  • New Orleans, LA
  • Slidell, LA
  • Sulphur, LA
  • Thibodaux, LA
  • Boston, MA
  • Braintree, MA
  • Franklin, MA
  • Lowell, MA
  • Lynn, MA
  • Malden, MA
  • Marlborough, MA
  • North Dartmouth, MA
  • Oxford, MA
  • Pittsfield, MA
  • Somerville, MA
  • Stoughton, MA
  • Webster, MA
  • Worcester, MA
  • Abingdon, MD
  • Annapolis, MD
  • Baltimore, MD
  • Bladensburg, MD
  • Capitol Heights, MD
  • Columbia, MD
  • Ellicott City, MD
  • Forestville, MD
  • Glen Burnie, MD
  • New Carrollton, MD
  • Oxon Hill, MD
  • Reisterstown, MD
  • Rockville, MD
  • Suitland, MD
  • Westminster, MD
  • Scarborough, ME
  • Westbrook, ME
  • Ann Arbor, MI
  • Belleville, MI
  • Dearborn, MI
  • Detroit, MI
  • Fort Gratiot, MI
  • Howell, MI
  • Kalamazoo, MI
  • Lansing, MI
  • Lapeer, MI
  • Livonia, MI
  • Madison Heights, MI
  • Pontiac, MI
  • Portage, MI
  • Royal Oak, MI
  • Saint Joseph, MI
  • Southfield, MI
  • Warren, MI
  • Wayland, MI
  • Anoka, MN
  • Eagan, MN
  • Minneapolis, MN
  • Rochester, MN
  • Saint Paul, MN
  • Savage, MN
  • Shakopee, MN
  • Wayzata, MN
  • Winona, MN
  • Boonville, MO
  • Joplin, MO
  • Kansas City, MO
  • Kearney, MO
  • Matthews, MO
  • O Fallon, MO
  • Springfield, MO
  • Biloxi, MS
  • Cleveland, MS
  • Gulfport, MS
  • Jackson, MS
  • Laurel, MS
  • Meridian, MS
  • Natchez, MS
  • Ocean Springs, MS
  • Pearl, MS
  • Tupelo, MS
  • Billings, MT
  • Asheville, NC
  • Candler, NC
  • Cary, NC
  • Charlotte, NC
  • Clayton, NC
  • Concord, NC
  • Cornelius, NC
  • Durham, NC
  • Fayetteville, NC
  • Garner, NC
  • Greensboro, NC
  • Holly Springs, NC
  • Indian Trail, NC
  • Kenly, NC
  • Lumberton, NC
  • Mebane, NC
  • Raleigh, NC
  • Roanoke Rapids, NC
  • Salisbury, NC
  • Statesville, NC
  • Wake Forest, NC
  • Waxhaw, NC
  • Waynesville, NC
  • Winston Salem, NC
  • Fargo, ND
  • Lincoln, NE
  • Norfolk, NE
  • Concord, NH
  • Nashua, NH
  • Blackwood, NJ
  • Brick, NJ
  • Butler, NJ
  • Cherry Hill, NJ
  • Clark, NJ
  • Eatontown, NJ
  • Edison, NJ
  • Englewood, NJ
  • Flemington, NJ
  • Moorestown, NJ
  • Mount Holly, NJ
  • Parsippany, NJ
  • Pleasantville, NJ
  • Somerset, NJ
  • Union, NJ
  • Willingboro, NJ
  • Woodbury, NJ
  • Albuquerque, NM
  • Gallup, NM
  • Henderson, NV
  • Albany, NY
  • Amherst, NY
  • Auburn, NY
  • Baldwinsville, NY
  • Buffalo, NY
  • Castleton On Hudson, NY
  • Cicero, NY
  • Commack, NY
  • Coram, NY
  • Corning, NY
  • East Aurora, NY
  • Elmira, NY
  • Endicott, NY
  • Freeport, NY
  • Hamburg, NY
  • Hempstead, NY
  • Ithaca, NY
  • Jericho, NY
  • Kenmore, NY
  • Latham, NY
  • Lawrence, NY
  • Levittown, NY
  • Liverpool, NY
  • Lockport, NY
  • Niagara Falls, NY
  • Oswego, NY
  • Patchogue, NY
  • Port Jeff Sta, NY
  • Poughkeepsie, NY
  • Rochester, NY
  • Rome, NY
  • Schenectady, NY
  • Syracuse, NY
  • Tonawanda, NY
  • Watertown, NY
  • Webster, NY
  • West Seneca, NY
  • Austinburg, OH
  • Austintown, OH
  • Beaverdam, OH
  • Brunswick, OH
  • Canton, OH
  • Cincinnati, OH
  • Cleveland, OH
  • Columbus, OH
  • Cuyahoga Falls, OH
  • Dayton, OH
  • Delaware, OH
  • Fairlawn, OH
  • Franklin, OH
  • Grove City, OH
  • Lima, OH
  • Lockbourne, OH
  • Milford, OH
  • Mogadore, OH
  • Ontario, OH
  • Powell, OH
  • Stow, OH
  • Strongsville, OH
  • Sunbury, OH
  • Toledo, OH
  • Wadsworth, OH
  • Walton Hills, OH
  • Westerville, OH
  • Youngstown, OH
  • Broken Arrow, OK
  • Edmond, OK
  • Lawton, OK
  • Oklahoma City, OK
  • Tulsa, OK
  • Eugene, OR
  • Lake Oswego, OR
  • Portland, OR
  • Wood Village, OR
  • Allentown, PA
  • Bridgeville, PA
  • Chester, PA
  • Clifton Heights, PA
  • Colmar, PA
  • Cranberry Township, PA
  • Doylestown, PA
  • Exton, PA
  • Fairless Hills, PA
  • Greensburg, PA
  • Harrisburg, PA
  • Havertown, PA
  • Hummelstown, PA
  • Irwin, PA
  • Langhorne, PA
  • Levittown, PA
  • Media, PA
  • Monroeville, PA
  • New Castle, PA
  • Norristown, PA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Thorndale, PA
  • Upper Darby, PA
  • West Mifflin, PA
  • Wilkes Barre, PA
  • York, PA
  • Woonsocket, RI
  • Anderson, SC
  • Bennettsville, SC
  • Bowman, SC
  • Columbia, SC
  • Dillon, SC
  • Easley, SC
  • Greenville, SC
  • Greer, SC
  • Mauldin, SC
  • Piedmont, SC
  • Rock Hill, SC
  • Spartanburg, SC
  • Chattanooga, TN
  • Clarksville, TN
  • Cleveland, TN
  • Dandridge, TN
  • Hixson, TN
  • Jackson, TN
  • Knoxville, TN
  • Lebanon, TN
  • Lenoir City, TN
  • Memphis, TN
  • Millington, TN
  • Nashville, TN
  • Union City, TN
  • Abilene, TX
  • Allen, TX
  • Amarillo, TX
  • Anthony, TX
  • Austin, TX
  • Baytown, TX
  • Beaumont, TX
  • Brownsville, TX
  • Bryan, TX
  • Carrollton, TX
  • College Station, TX
  • Converse, TX
  • Coppell, TX
  • Corpus Christi, TX
  • Cypress, TX
  • Dallas, TX
  • Del Rio, TX
  • Denton, TX
  • El Paso, TX
  • Elm Mott, TX
  • Fort Worth, TX
  • Frisco, TX
  • Garland, TX
  • Houston, TX
  • Huntsville, TX
  • Katy, TX
  • Keller, TX
  • Kyle, TX
  • Laredo, TX
  • League City, TX
  • Longview, TX
  • Magnolia, TX
  • Mcallen, TX
  • Midland, TX
  • New Braunfels, TX
  • Odessa, TX
  • Pasadena, TX
  • Pearland, TX
  • Plano, TX
  • Robinson, TX
  • Rockwall, TX
  • Rosenberg, TX
  • San Angelo, TX
  • San Antonio, TX
  • San Marcos, TX
  • Shavano Park, TX
  • Sulphur Springs, TX
  • Temple, TX
  • Tyler, TX
  • Waco, TX
  • Weslaco, TX
  • Salt Lake City, UT
  • Alexandria, VA
  • Arlington, VA
  • Baileys Crossroads, VA
  • Burke, VA
  • Colonial Heights, VA
  • Danville, VA
  • Fairfax, VA
  • Forest, VA
  • Fredericksburg, VA
  • Glen Allen, VA
  • Martinsville, VA
  • Midlothian, VA
  • North Chesterfield, VA
  • Richmond, VA
  • South Boston, VA
  • Vienna, VA
  • Williamsburg, VA
  • Wise, VA
  • Bellevue, WA
  • Everett, WA
  • Longview, WA
  • Lynnwood, WA
  • Redmond, WA
  • Renton, WA
  • Silverdale, WA
  • Spokane Valley, WA
  • Tukwila, WA
  • Vancouver, WA
  • Brookfield, WI
  • Butler, WI
  • Deforest, WI
  • Fond Du Lac, WI
  • Green Bay, WI
  • La Crosse, WI
  • Madison, WI
  • Milwaukee, WI
  • Oak Creek, WI
  • Onalaska, WI
  • Readstown, WI
  • Huntington, WV
  • Morgantown, WV
  • Parkersburg, WV
  • Casper, WY
  • Gillette, WY
  • Claremont, Australia
  • Dandenong, Australia
  • Glen Innes, Australia
  • Stuart Park, Australia
  • Wangaratta, Australia
  • Vaux-Sur-Sure, Belgium
  • Abreu De Lima, Brazil
  • Americana, Brazil
  • Belo Horizonte, Brazil
  • Cuiaba, Brazil
  • Curitiba, Brazil
  • Diadema, Brazil
  • Porto Alegre, Brazil
  • Sao Paulo, Brazil
  • Ajax, Canada
  • Beloeil, Canada
  • Brampton, Canada
  • Chicoutimi, Canada
  • Edmonton, Canada
  • London, Canada
  • Medicine Hat, Canada
  • Napanee, Canada
  • North Bay, Canada
  • Pickering, Canada
  • Québec, Canada
  • Salaberry-De-Valleyfield, Canada
  • St. Albert, Canada
  • Waterloo, Canada
  • Beijing, China
  • Guatemala City, Guatemala
  • Ahmedabad, India
  • Aurangabad, India
  • Bengaluru, India
  • Bhopal, India
  • Bhubaneswar, India
  • Chandigarh, India
  • Chennai, India
  • Erankulam, India
  • Ernakulam, India
  • Faridabad, India
  • Gurgaon, India
  • Indore, India
  • Jaipur, India
  • Jalandhar, India
  • Kanpur, India
  • Kolkata, India
  • Lucknow, India
  • Meerut, India
  • Mumbai, India
  • New Delhi, India
  • Noida, India
  • Patna, India
  • Pune, India
  • Vijayawada, India
  • Visakhapatnam, India
  • Aizuwakamatsu, Japan
  • Akita, Japan
  • Fukuoka, Japan
  • Hiroshima, Japan
  • Matsumoto, Japan
  • Mito, Japan
  • Nagano, Japan
  • Nagoya, Japan
  • Nonoichi, Japan
  • Odate, Japan
  • Ofunato, Japan
  • Osaka, Japan
  • Otawara, Japan
  • Sapporo, Japan
  • Sendai, Japan
  • Shiwa-Gun, Japan
  • Tsuchiura, Japan
- Show Less + Show More