Goodyear Tire shares up on restructuring plan in EMEA, job cuts

Goodyear Tire & Rubber

20/03/2026 21:14

** Shares of Goodyear Tire & Rubber GT.O up ~1% at $6.22 after the bell

** Co approves rationalization plan in EMEA to improve its cost structure, as per SEC filing

** Proposed restructuring to reduce net 400 positions across multiple countries within EMEA

** Expects pre-tax charges of $100 mln-$110 mln related to the plan

** GT expects restructuring actions to be substantially complete in 2028

** Stock fell 2.6% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))