secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001193125-23-231597
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312523231597/0001193125-23-231597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312523231597/d498291d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-231597

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer