Short answer
GOODYEAR TIRE & RUBBER CO /OH/ (GT) filed an 8-K current report with the SEC on July 21, 2026 reporting Item 2.05 (Costs Associated with Exit or Disposal Activities). Fayetteville, North Carolina plant closure eliminates approximately 1,750 jobs and reduces Americas production capacity.
GOODYEAR TIRE & RUBBER CO /OH/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.05 · Costs Associated with Exit or Disposal Activities
- Fayetteville, North Carolina plant closure eliminates approximately 1,750 jobs and reduces Americas production capacity
- Total pre-tax restructuring charges estimated at $535M–$565M, including $190M–$210M cash costs
- Approximately $205M–$225M of charges expected in Q3 2026 and $65M–$85M during the remainder of 2026
- Americas operating income improvement targeted at approximately $90M in 2027 and $270M annually from 2028 onward
- Plan substantially complete by end-2027, with most cash outflows occurring by then
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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