OTHER NEWS - Aug. 1, 1991
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Bridgestone Plans More Layoffs: Bridgestone Corp., the huge Japanese rubber and plastic manufacturer, said it will lay off another 1,000 employees in its U.S. and European subsidiaries by the end of this year. It has laid off 2,000 workers this year at subsidiaries including Bridgestone-Firestone Inc., its debt-ridden subsidiary in the United States, a Bridgestone official said. The cuts were mainly to cope with shrinking demand for automobile tires resulting from declining auto sales in the United States and Europe, Bridgestone said.
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