Goodyear, the world's largest tyre company, is to axe more than 150 jobs as it restructures its European business.
The cuts will mean over $10 million (£5.52 million) in annual savings for the European unit's selling, general and administrative expenses.
The restructuring will mean $20 million (£11.04 million) in cash charges or $15 million (£8.28 million) after tax, the company said.
However, it did not specify where the job cuts would fall.
Goodyear is in the middle of cutting between $750 million (£414.3 million) and $ 1 billion (£552.4 million) in costs with a self-imposed deadline of 2008.