Goodyear cutting nearly 5,000 jobs after 4Q loss (AP)

A Goodyear racing tire is seen inside an auto shop in Chicago. Goodyear Tire and Rubber has announced plans to cut 5,000 more jobs and to freeze salaries in 2009 after a fourth-quarter loss of 330 million dollars.(AFP/Getty Images/Tim Boyle)AP – Goodyear Tire & Rubber Co., the biggest U.S. tire maker, said Wednesday the global economic slowdown will force it to cut nearly 5,000 jobs this year after it posted a fourth-quarter loss and revenue sank 21 percent.

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