Goodyear Tire & Rubber to Close Two Chemical Plants
Goodyear Tire & Rubber Company (GT) announced plans to close two chemical plants located in Niagara Falls, New York, and Bayport, Texas. The closures will result in the elimination of approximately 85 jobs, with most affected employees based in Niagara Falls. This move marks Goodyear's exit from its remaining chemical business after previously selling off much of its polymer operations. The decision reflects a strategic shift away from non-core businesses to focus on core tire manufacturing and related activities. The closures are expected to streamline the company’s operations, reduce costs, and allow for better resource allocation toward growth areas within the automotive industry.
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