CHARLOTTE, N.C. (Oct. 26)—Goodrich Corp. will close 16 plants and cut about 2,500 jobs during the first half of 2002 to stay competitive in the aviation marketplace. About 2,400 aerospace jobs will be axed and another 100 cuts will be made in Goodrich's Engineered Industrial Products division. The 11-percent reductions in the company's work force likely will save the firm about $125 million annually, the company estimated. The aviation industry had been hurt by a slow economy, and was dramatically impacted by the initial repercussions of the September terrorist attacks, the company said. That initially cut air travel, which, in turn, put a struggling aviation market in a further tailspin. Goodrich currently employs 23,000 in 20 countries.
Goodrich to cut plants, jobs
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].