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Article: Goodyear Takes Disciplinary Actions Related to European Union Accounting Review; -- Actions Move Company Closer to Completing Investigation Process -- Additional Adjustments Identified as Part of Year-End Closing.
- Article from:
- PR Newswire
- Article date:
- March 9, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Goodyear Tire & Rubber Company reported today that it took disciplinary actions against several senior managers in its European Union operation and streamlined its organizational structure in response to its ongoing investigation of improper accounting in European and other overseas operations. Although the investigation is not yet complete, Goodyear decided to begin the process of improving the European organization and to continue strengthening its accounting controls.
The company stated that these disciplinary actions do not mean that any determination has been made whether the final results of the investigation will have a material impact on its ...