---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-158977"
form_type: "8-K"
ticker: "GT"
cik: "0000042582"
company_name: "GOODYEAR TIRE & RUBBER CO /OH/"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:53:31.645087+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Goodyear approves 50% capacity cut at Fulda plant; expects $105-115M pre-tax charges

## Summary
- Plan reduces production capacity at Fulda, Germany facility by ~50%, affecting ~550 jobs (375 associates, 175 contracted).
- Pre-tax charges estimated at $105M-$115M; $95M-$105M cash charges; ~$65M expected in Q2 2023.
- Reduces tire SKUs by ~450, with ~200 transferred to other EMEA plants.
- Expected to improve EMEA segment operating income by ~$15M in 2024 and ~$30M annually thereafter.
- Rationalization expected substantially complete by end of 2024, subject to employee consultation.

## SEC filing metadata
- accession: 0001193125-23-158977
- form_type: 8-K
- ticker: GT
- cik: 0000042582
- company_name: GOODYEAR TIRE & RUBBER CO /OH/
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42582/000119312523158977/0001193125-23-158977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42582/000119312523158977/d493172d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-158977
- JSON: https://secwatch.observer/filing/0001193125-23-158977.json
- Plain text: https://secwatch.observer/filing/0001193125-23-158977.txt

## Key facts
- Restructurings & Charges
  GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $105 million and $115 million affecting Fulda, Germany tire manufacturing facility (EMEA segment) (approximately 550 job reductions at Fulda, consisting of 375 associates and 175 contracted positions).
  - Type: restructuring
  - Charge: between $105 million and $115 million
  - Affected area: Fulda, Germany tire manufacturing facility (EMEA segment)
  - Headcount: approximately 550 job reductions at Fulda, consisting of 375 associates and 175 contracted positions
  source text: The Company expects to substantially complete this rationalization plan by the end of 2024 and estimates total pre-tax charges associated with this action to be between $105 million and $115 million, of which $95 million to $105 million is expected to be cash charges primarily for associate-related and other exit costs, with the remainder representing
  evidence_url: https://www.sec.gov/Archives/edgar/data/42582/000119312523158977/0001193125-23-158977-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.