secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001193125-25-135902
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear to close Kariega, South Africa plant; ~900 jobs cut, $100-110M charges
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- Approves closing Kariega manufacturing facility in EMEA unit; ~900 job reductions including associates and contracted positions.
- Total charges $100M-$110M; cash portion $45M-$55M for associate-related and exit costs; non-cash portion for accelerated depreciation and asset-related.
- Expects ~$40M charges in Q2 2025 and ~$60M during remainder of 2025; substantially complete by end of 2025.
- Plan expected to improve EMEA segment operating income by ~$10M in 2026 and annually thereafter.
- Proposed rationalization remains subject to consultation with employee representative bodies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312525135902/0001193125-25-135902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312525135902/d54903d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-135902

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