Goodyear to permanently close Fayetteville, North Carolina tire plant, cutting 1,750 jobs

Goodyear estimated total pre-tax charges of $535 million to $565 million.

• Cash charges: $190 million to $210 million, mainly associate-related and exit costs.
• Non-cash charges: $330 million to $360 million, driven by accelerated depreciation and asset charges, plus pension termination benefits.

The company expects pre-tax charges of $205 million to $225 million in Q3 2026 and $65 million to $85 million in the rest of 2026.

Goodyear said Americas operating income should rise by about $90 million in 2027 and by about $270 million a year from 2028 onward.

Goodyear reached a labor agreement to permanently close its Fayetteville, North Carolina manufacturing plant to cut Americas capacity and unit costs.

The plan calls for about 1,750 job cuts, with substantial completion targeted by the end of 2027.