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The Goodyear Tire & Rubber Company reached an agreement with the United Steelworkers to permanently close its…
GTGoodyear Tire & Rubber Co
The Goodyear Tire & Rubber Company reached an agreement with the United Steelworkers to permanently close its Fayetteville, North Carolina manufacturing facility. The plan involves approximately 1,750 job reductions and is expected to be completed by the end of 2027. Total pre-tax charges are estimated between $535 million and $565 million, with cash charges of $190 million to $210 million. The company expects to improve Americas segment operating income by approximately $90 million in 2027 and $270 million annually from 2028 onwards. Goodyear Tire & Rubber Company is a manufacturer of tires and rubber products.