Goodyear to close Niagara Falls and Bayport chemical plants, cutting about 85 jobs with $55M-$75M in charges

GOODYEAR TIRE & RUBBER CO /OH/

Goodyear approved a plan to close chemical manufacturing facilities in Niagara Falls, New York and Bayport, Texas, with approximately 85 job reductions.
Total pre-tax charges estimated at $55M-$75M, including about $30M cash for plant decommissioning, associate-related and other exit costs; remainder non-cash.
Company expects about $35M of pre-tax charges in Q3 2026 and about $15M during the remainder of 2026; plan largely complete by end of 2027.
Actions are expected to improve Americas segment operating income by approximately $15M-$20M annually beginning in 2027.
Form 8-K dated September 29, 2026, signed October 1, 2026 by Secretary Daniel T. Young.

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