Goodyear to close Fayetteville, N.C. plant, cutting about 1,750 jobs; charges $535M-$565M
Goodyear agreed with the United Steelworkers on July 16, 2026 to permanently close its Fayetteville, North Carolina manufacturing plant to cut Americas production capacity and cost per tire. The company estimates $535 million to $565 million in pre-tax charges, with savings of about $270 million a year from 2028 onward.
Key points
- Plan includes approximately 1,750 job reductions; substantial completion expected by end of 2027
- Pre-tax charges of $535 million to $565 million, including $190 million to $210 million in cash charges
- Approximately $205 million to $225 million of charges expected in third quarter 2026
- Expected Americas segment operating income improvement of about $90 million in 2027 and about $270 million annually in 2028 and after
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.