Goodyear offering contract buyouts at US tire plant

Akron, Ohio — Goodyear has begun offering voluntary buyouts to certain employees at its Gadsden, Alabama, tire plant as part of the company’s strategy to strengthen its US competitiveness.

Goodyear disclosed the plan in a 8K filing with the Securities and Exchange Commission, stating that the move aimed to curtail the production of tires for less profitable segments of the tire market.

Read the source article at European Rubber Journal