Goodyear to close Fayetteville plant, cut 1,750 jobs; expects $535M-$565M in charges

GOODYEAR TIRE & RUBBER CO /OH/

Permanent closure of Fayetteville, NC facility; ~1,750 job reductions; completion by end of 2027.
Total pre-tax charges estimated at $535M-$565M, including $190M-$210M cash charges.
Non-cash charges: $290M-$310M accelerated depreciation and $40M-$50M pension termination benefits.
Expects $205M-$225M pre-tax charges in Q3 2026 and $65M-$85M in remainder of 2026.
Americas segment operating income expected to improve by ~$90M in 2027 and ~$270M annually from 2028.

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