---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-231597"
form_type: "8-K"
ticker: "GT"
cik: "0000042582"
company_name: "GOODYEAR TIRE & RUBBER CO /OH/"
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:23:01.590377+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Goodyear approves EMEA restructuring: net 700 job cuts, $210-230M pre-tax charge

## Summary
- 1,200 positions eliminated; 500 new roles in Romania shared services, net reduction of ~700.
- Total pre-tax charges between $210M and $230M, substantially all cash, primarily associate-related costs.
- Expected annual savings of ~$100M by 2025 from 2022 baseline, with savings beginning in 2024.
- Actions subject to consultation with employee representative bodies in certain countries; expect substantial completion in 2025.

## SEC filing metadata
- accession: 0001193125-23-231597
- form_type: 8-K
- ticker: GT
- cik: 0000042582
- company_name: GOODYEAR TIRE & RUBBER CO /OH/
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42582/000119312523231597/0001193125-23-231597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42582/000119312523231597/d498291d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-231597
- JSON: https://secwatch.observer/filing/0001193125-23-231597.json
- Plain text: https://secwatch.observer/filing/0001193125-23-231597.txt

## Key facts
- Restructurings & Charges
  GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of approximately $210 million to $230 million affecting Europe, Middle East and Africa ("EMEA") (approximately 1,200 positions across multiple countries within EMEA while also creating approximately 500 new roles prin).
  - Type: restructuring
  - Charge: approximately $210 million to $230 million
  - Affected area: Europe, Middle East and Africa ("EMEA")
  - Headcount: approximately 1,200 positions across multiple countries within EMEA while also creating approximately 500 new roles prin
  source text: in significant savings beginning in 2024 and to be substantially complete in 2025. The total pre-tax charges associated with these actions are expected to be approximately $210 million to $230 million, substantially all of which are expected to be cash charges primarily for associate-related and other implementation and exit costs. The amounts and timing of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/42582/000119312523231597/0001193125-23-231597-index.htm

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