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AI brief of an SEC Form 8-K · Goodyear Tire and Rubber (GT)

Goodyear to close Niagara Falls and Bayport chemical plants, cutting about 85 jobs

Mixed Impact 3 of 5 restructuring Written later

Goodyear approved a plan on September 29, 2026 to close its chemical manufacturing facilities in Niagara Falls, New York and Bayport, Texas, affecting about 85 jobs. The company estimates total pre-tax charges of $55 million to $75 million, with about $30 million in cash charges, and expects the plan to improve Americas segment operating income by $15 million to $20 million annually starting in 2027.

Key points

  • Plant closures: Niagara Falls, New York and Bayport, Texas; about 85 job reductions
  • Estimated pre-tax charges of $55 million to $75 million, of which about $30 million are cash charges
  • Approximately $35 million of charges expected in Q3 2026 and $15 million in the rest of 2026
  • Expected annual Americas operating income benefit of $15 million to $20 million beginning in 2027

The filing

CompanyGoodyear Tire and Rubber (GT)
Form8-K, current report
Filed with the SECOct 1, 2026, 4:22 PM ET
Accession number0001628280-26-064270

Items reported: 2.05 Exit / Restructuring Costs

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing 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 October 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.