The top executive of Goodyear Tire & Rubber Co. says the biggest U.S. tire company will consider more cost cutting this year if measures already taken aren't enough.

Akron-based Goodyear in February said it would cut nearly 5,000 jobs this year. A big drop in sales led to a loss of $330 million in the 2008 fourth quarter.

In comments made Tuesday at the company's annual meeting of shareholders, Goodyear Chairman and CEO Robert Keegan said the company is preparing contingency actions beyond various strategies in place if market conditions further deteriorate.

Keegan didn't specify what those contingency actions may be, or whether they involve more job cuts.