Brief: Goodyear Tire & Rubber Approved Plan To Reduce Co's Production Capacity

Goodyear Tire & Rubber

04/02/2025 22:51

Feb 4 (Reuters) - Goodyear Tire & Rubber Co  GT.O :
    * GOODYEAR TIRE & RUBBER CO - PLAN INCLUDES 850 JOB
REDUCTIONS AT
DANVILLE, VIRGINIA FACILITY
    * GOODYEAR TIRE & RUBBER CO - APPROVES PLAN TO REDUCE
PRODUCTION
CAPACITY AND COSTS IN AMERICAS
    * GOODYEAR TIRE & RUBBER: REACHED DEAL WITH UNITED
STEELWORKERS,
APPROVED PLAN TO REDUCE CO'S PRODUCTION CAPACITY & PRODUCTION
COST PER TIRE IN AMERICAS
    * GOODYEAR TIRE & RUBBER CO - TOTAL PRE-TAX CHARGES
ESTIMATED
BETWEEN $130 MILLION AND $140 MILLION
    * GOODYEAR TIRE & RUBBER CO - $80 MILLION TO $90 MILLION
EXPECTED
AS CASH CHARGES

Source text:  ID:n0001193125-25-020075 
Further company coverage:  GT.O 

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