{"id":7236,"date":"2018-12-13T16:22:24","date_gmt":"2018-12-13T10:52:24","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=7236"},"modified":"2019-05-03T09:43:43","modified_gmt":"2019-05-03T04:13:43","slug":"goodyear-closes-tyre-factory-venezuela","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/goodyear-closes-tyre-factory-venezuela\/","title":{"rendered":"Goodyear Closes Its Subsidiary Tyre Factory In Venezuela"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The world\u2019s fourth most valuable tyre brand, Goodyear Tyre &amp; Rubber Company has announced that it has halted its operations in Venezuela and started laying off their local workforce. This latest closure of a foreign company is another shot in the crisis-torn Latin American country. According to News channels, when the employees arrived at the Goodyear\u2019s lone factory (CA Goodyear de Venezuela) in the industrial city of Valencia they found it closed with a letter posted on the door that read, \u201cGoodyear Venezuela has been forced to cease operations\u201d.<\/span><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.tyremarket.com\/tyremantra\/\" target=\"_blank\" rel=\"noopener\">READ TYRE INDUSTRY NEWS<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">As per a member of Goodyear\u2019s factory workers union, Eduar Bremo, the company has paid its severance packages to more than 1,200 employees and has given each of them 10 tyres which are highly valuable in the shortage wracked country. He also added that though the plant produced around 1,000 tyres a day,\u00a0but due to lack of materials and increasing cost it was forced to shut down its operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the American tyre giant, the firm&#8217;s goal &#8220;had been to maintain its operations, but economic conditions and U.S. sanctions have made this impossible.&#8221; Goodyear thanked all its Venezuelan employees for their support, courage and contribution in tough times.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s fourth most valuable tyre brand, Goodyear Tyre &amp; Rubber Company has announced that it has halted its operations in Venezuela and started laying&#8230;<\/p>\n","protected":false},"author":4,"featured_media":976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[820,4775,390,3845],"class_list":["post-7236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-goodyear-news","tag-goodyear-tyre-factory-venezuela","tag-tyre-industry-news","tag-tyre-news-2018"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Goodyear Closes Its Subsidiary Tyre Factory In Venezuela<\/title>\r\n<meta name=\"description\" content=\"The world\u2019s fourth most valuable tyre brand, Goodyear Tyre &amp; Rubber Company has announced that it has halted its operations in Venezuela and started...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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verma\"},\"description\":\"My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. 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