GOODYEAR TIRE & RUBBER CO /OH/ (GT): restructuring charge — Goodyear approves EMEA rationalization plan; net reduction of ~400 positions, $100M-$110M pre-tax charges

GOODYEAR TIRE & RUBBER CO /OH/

Approved EMEA rationalization plan to streamline sales/distribution; net reduction of ~400 positions.
Total pre-tax charges $100M-$110M; cash outflows $25M in 2026, $50M in 2027, remainder through 2029.
Actions substantially complete by 2028; expected to improve EMEA segment operating income by $35M-$40M in 2028, ~$50M/year thereafter.
Rationalization charges of $75M-$85M primarily for associate-related and other exit costs.
Consultations with employee representative bodies in certain countries; plan subject to local requirements.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of $100 million and $110 million affecting Europe, Middle East and Africa (EMEA) (reduction of approximately 600 positions across multiple countries within EMEA, while also creating approximately 200 ne).

Type: restructuring
Charge: $100 million and $110 million
Affected area: Europe, Middle East and Africa (EMEA)
Headcount: reduction of approximately 600 positions across multiple countries within EMEA, while also creating approximately 200 ne

Exact text from the filing

the rationalization plan remain subject to consultation with employee representative bodies. The total pre-tax charges associated with these actions are expected to be between $100 million and $110 million, of which $75 million to $85 million are expected to be rationalization charges primarily for associate-related and other exit costs. Total cash outflows for

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Source: SEC EDGAR

accession 0001628280-26-020222

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