{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-278860","form_type":"8-K","ticker":"GT","cik":"0000042582","company_name":"GOODYEAR TIRE & RUBBER CO /OH/","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.689378+00:00","generated_at":"2026-06-08T01:37:00.645053+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Goodyear approves closure of two German tire plants with $575-600M pre-tax charges","bullets":["Closes Fulda and Fürstenwalde facilities; ~1,750 job reductions (1,500 associates, 250 contingent).","Total pre-tax charges of $575-600M, of which $425-450M cash costs; non-cash portion ~$150M.","Expects ~$190M charge in Q4 2023, additional $90-110M in 2024, and $110-130M in 2025.","Annual run-rate savings target: $60M by end-2025, $100M by 2026, $120M by 2027.","Plan supersedes May 2023 plan to cut Fulda production by 50%; mixing center in Fürstenwalde continues."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-278860","json":"https://secwatch.observer/filing/0001193125-23-278860.json","markdown":"https://secwatch.observer/filing/0001193125-23-278860.md","text":"https://secwatch.observer/filing/0001193125-23-278860.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/42582/000119312523278860/0001193125-23-278860-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/42582/000119312523278860/d896186d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:37:00.645053+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"27fcff7d0288623f6ed3cf7781f89e9806198277","claim":"GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $575 million and $600 million affecting Europe, Middle East and Africa (EMEA) (approximately 1,750 job reductions at Fulda and Fürstenwalde, consisting of 1,500 associates and 250 contracted and temp).","evidence_excerpt":"complete the closure of Fulda by 2025 and closure of Fürstenwalde by the end of 2027. The Company estimates total pre-tax charges associated with these actions to be between $575 million and $600 million, of which $425 million to $450 million is expected to be cash charges primarily for associate-related costs and other exit costs, with the remainder representing","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/42582/000119312523278860/0001193125-23-278860-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $575 million and $600 million"},{"label":"Affected area","value":"Europe, Middle East and Africa (EMEA)"},{"label":"Headcount","value":"approximately 1,750 job reductions at Fulda and Fürstenwalde, consisting of 1,500 associates and 250 contracted and temp"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}