---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-240532"
form_type: "8-K"
ticker: "GT"
cik: "0000042582"
company_name: "GOODYEAR TIRE & RUBBER CO /OH/"
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:57:10.402848+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Goodyear approves Asia Pacific rationalization plan with ~700 job cuts, $55-65M charges

## Summary
- Plan changes operating model to third-party distribution/retail, impacting 700 positions, 9 warehouses, ~100 stores.
- Total pre-tax charges estimated $55-65M, with $40-50M cash for associate and lease exit costs.
- Charges: ~$20M in Q3 2023, ~$5M in Q4 2023, remainder in 2024.
- Expected improvement in Asia Pacific segment operating income of $50-55M annually starting 2025.
- Plan subject to consultation; broader streamlining actions to be shared in Q4 2023.

## SEC filing metadata
- accession: 0001193125-23-240532
- form_type: 8-K
- ticker: GT
- cik: 0000042582
- company_name: GOODYEAR TIRE & RUBBER CO /OH/
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42582/000119312523240532/0001193125-23-240532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42582/000119312523240532/d559833d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-240532
- JSON: https://secwatch.observer/filing/0001193125-23-240532.json
- Plain text: https://secwatch.observer/filing/0001193125-23-240532.txt

## Key facts
- Restructurings & Charges
  GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $55 million and $65 million affecting Asia Pacific (approximately 700 positions).
  - Type: restructuring
  - Charge: between $55 million and $65 million
  - Affected area: Asia Pacific
  - Headcount: approximately 700 positions
  source text: quarter. 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 $55 million and $65 million, of which $40 million to $50 million are expected to be cash charges primarily for associate-related and lease exit costs, with the remainder primarily
  evidence_url: https://www.sec.gov/Archives/edgar/data/42582/000119312523240532/0001193125-23-240532-index.htm

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