secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2026-07-21T20:29:26+00:00
Accession:  0001628280-26-049010
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000162828026049010/0001628280-26-049010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000162828026049010/gt-20260716.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-049010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer