Goodyear to close two tyre plants in Germany, affecting 1,750 jobs
Stefan Baumgarten
17-Nov-2023
HOUSTON (ICIS)–US tyre major Goodyear plans to close two tyre plants in Germany, affecting 1,750 jobs, it said in a regulatory filing.
The closures are part of a strategy to improve Goodyear’s competitive position and reduce its production cost per tyre in the Europe, Middle East and Africa (EMEA) region, it said.
The closures of the plants at Fulda, northeast of Frankfurt, and Furstenwalde, near Berlin, are expected to be completed by 2025 and by the end of 2027, respectively.
The company had previously planned to reduce production at the Fulda tyre plant by 50%, but is now moving to permanently close the plant.
Goodyear intends to continue operating its mixing centre at Furstenwalde.
Earlier this week, Goodyear announced that it will pursue “strategic alternatives” for its chemical business, its Dunlop brand and its off-the-road equipment tyre business.
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