Goodyear Disciplines European Managers
Goodyear Tire & Rubber Co. has disciplined several of its senior managers in Europe in response to an internal investigation of improper accounting.
Goodyear also disclosed that it had discovered what should have been a $16-million charge against earnings largely for understating workers’ compensation claims from 1999 to 2003 at a domestic plant.
The disciplinary actions taken by Goodyear European Union President Michael J. Roney include the separation of several senior managers and reprimand of other personnel. A spokesman said separation could mean dismissal, resignation or retirement.
Goodyear shares fell 8 cents to $8.12 on the NYSE.
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