Thread regarding Goodyear layoffs

More Layoffs announced in 2025 - Akron, Danville, SA,...

"Layoffs to continue as GT struggles with tariffs as per Patrick Williams, Akron Beacon Journal: "The Goodyear Tire & Rubber Co. has told federal regulators it expects to initiate at least 1,800 layoffs in 2025 as it wrestles with rising tariffs and the effects of inflation.

About 750 of these cuts were initiated in the first half of the year, filings with the Securities and Exchange Commission show — including 80 or fewer positions based at its Akron headquarters, a Goodyear spokesperson confirmed Aug. 11. The layoffs also include roughly 900 employed and contracted jobs in South Africa....

Aside from the 1,800 layoffs initiated in 2025, Goodyear also ended the employment of about 700 employees in the first half of 2025 "under plans initiated in prior years," the filing said.

Goodyear also approved a plan in the second quarter to close a manufacturing facility in Kariega, South Africa, which includes the planned elimination of 900 employed and contracted positions, according to the SEC filing.

"Approximately 2,700 associates remain to be released under all ongoing rationalization plans," the filing said.

The 2,700 number includes layoffs at the South Africa facility and layoffs at a plant in Danville, Virginia, that the company announced in January, the Goodyear spokesperson said. "

Ref: https://finance.yahoo.com/news/goodyear-struggles-tariff-impacts-sees-184211210.html

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| 1341 views | | 2 replies (last August 15) | Reply
Post ID: @OP+1k2jbrgzf

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As sales continue to drop our SAG % to sales goes up. That doesn’t bode well for any of us. So you know there is another big cut coming.

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Post ID: @ja+1k2jbrgzf

Damn

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Post ID: @b5+1k2jbrgzf

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