secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001193125-25-020075
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear to cut 850 jobs at Danville plant; expects $130-140M pre-tax charges
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- Agreement with United Steelworkers for 850 job reductions at Danville, VA plant; plant to continue aviation and mixing.
- Total pre-tax charges estimated between $130M and $140M, with $80-90M cash charges for associate-related costs.
- Expects to record ~$100M in Q1 2025 and ~$40M in remainder of 2025; majority of cash outflows by end of 2025.
- Actions expected to improve Americas segment operating income by ~$15M in 2025 and ~$65M annually thereafter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312525020075/0001193125-25-020075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312525020075/d844213d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-020075

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