Tire giant Goodyear will close its chemical plants in Niagara Falls, New York, and Bayport, Texas, resulting in around 85 fewer jobs. This is stated in documents filed with the U.S. financial regulator SEC.
The plan is expected to be largely completed before the end of 2027 and incur pre-tax costs of USD 55-75 million. The measures are also expected to improve operating profit in the Americas segment by around USD 15-20 million annually from 2027.
