Cyber-attack forces shutdowns of Bridgestone manufacturing plants
In February 2022, Bridgestone suffered a cyber-attack affecting its North and South American locations. The company launched an investigation to determine precise targets effected and the extent of the damage. Facilities sent home workers from Iowa and Tennessee. Many plants ceased manufacturing and disconnected computers to mitigate the damage. The attack will likely inflict serious costs for Bridgestone, including the ceased operations and internal investigation. This attack highlights the importance of robust cyber defense systems and investment by companies, particularly in the age of cyber-crime and cyber-war.
Balance Sheet|Labor|New Activity|ESG|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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