Dec 10, 2018

Venezuela crisis: Goodyear staff get '10 tyre' severance

Goodyear employees in Venezuela are each to be given 10 tyres as part of their severance payment, as the US firm halts operations in the country. A number of foreign firms have pulled out of Venezuela, citing a growing economic crisis and US sanctions. In a statement on Monday, Goodyear said that it "Has made the difficult decision to stop producing tyres" in Venezuela, Reuters news agency reports. The company said it was in the process of making severance payments, which included giving each employee 10 tyres. Venezuela has been in a dire economic crisis since 2014.

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