Goodyear to close Niagara Falls, Bayport chemical plants, take $55 million-$75 million pre-tax charges

Bitget2026/10/01 20:23

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Goodyear will close chemical manufacturing sites in Niagara Falls, New York, and Bayport, Texas, targeting completion by end-2027.
Plan includes about 85 job cuts.
Total pre-tax charges seen at $55 million to $75 million, including about $30 million cash charges.
Expects about $35 million of charges in Q3 2026, with about $15 million more during the rest of 2026.
Move expected to lift Americas segment operating income by about $15 million to $20 million annually starting in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Goodyear Tire & Rubber Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-064270), on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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