U.S. tire manufacturer Goodyear Tire & Rubber Company (Goodyear) has announced that it has shut down its in Tennessee UnionCity tire manufacturing plant. It is reported that the plant about 1,800 employees in the local big part of employment.
Goodyear said the company planned to close the plant before the end of this year, but due to shift production to other plants of the work carried out faster than expected, so the company decided to shut down the plant.
announced remove already spent $ 270 million, Goodyear will close the plant on matters related to pay an additional $ 20 million in restructuring costs, this $ 20 million cost will be reflected in the majority of in second-quarter results. The company said it will release second quarter earnings report, announced more details.
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