Akron, Ohio-based Goodyear Tire & Rubber (ticker: GT) revealed a strategic plan aimed at decreasing leverage and cutting costs. With a focus on optimizing its factories and making adjustments to its overall footprint, the company expects to achieve an annual benefit of $1 billion by the end of 2025. Additionally, Goodyear is exploring strategic alternatives for its chemical … [Read more...] about Goodyear Announces Plan to Reduce Leverage and Costs
cost reduction
Virgin Galactic Cuts Staff and Costs to Focus on Delta Spacecraft Program
Commercial space-flight operator Virgin Galactic Holdings Inc. has announced plans to streamline its operations by reducing staff and costs outside of its Delta spacecraft program. The company aims to improve profitability and efficiency through this strategic move. While specific figures were not provided in the email sent to employees, further details are expected to be … [Read more...] about Virgin Galactic Cuts Staff and Costs to Focus on Delta Spacecraft Program
