---
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"
generated_at: "2026-06-08T01:37:00.645053+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Goodyear approves closure of two German tire plants with $575-600M pre-tax charges

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-278860
- JSON: https://secwatch.observer/filing/0001193125-23-278860.json
- Plain text: https://secwatch.observer/filing/0001193125-23-278860.txt

## Key facts
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: between $575 million and $600 million
  - Affected area: Europe, Middle East and Africa (EMEA)
  - Headcount: approximately 1,750 job reductions at Fulda and Fürstenwalde, consisting of 1,500 associates and 250 contracted and temp
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/42582/000119312523278860/0001193125-23-278860-index.htm

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