Goodyear to Close Fayetteville Tire Plant in 2027

On July 16, 2026, The Goodyear Tire & Rubber Company approved a plan, agreed with the United Steelworkers, to permanently close its Fayetteville, North Carolina manufacturing facility to reduce production capacity and production cost per tire in the Americas.

Rhea-AI Filing Summary

On July 16, 2026, The Goodyear Tire & Rubber Company approved a plan, agreed with the United Steelworkers, to permanently close its Fayetteville, North Carolina manufacturing facility to reduce production capacity and production cost per tire in the Americas. The plan includes approximately 1,750 job reductions and is expected to be substantially completed by the end of 2027.

Goodyear estimates total pre-tax charges of $535 million to $565 million, including expected cash charges of $190 million to $210 million for associate-related and other exit costs, and non-cash charges of $290 million to $310 million for accelerated depreciation and other asset-related items plus $40 million to $50 million of pension special termination benefits. About $205 million to $225 million of pre-tax charges are expected in the third quarter of 2026 and $65 million to $85 million during the remainder of 2026, with most cash outflows by the end of 2027.

These actions are expected to improve Americas segment operating income by approximately $90 million in 2027 and by approximately $270 million annually in 2028 and thereafter. The company characterizes these figures as forward-looking statements subject to risks and uncertainties.

Positive

• The plan is expected to increase Americas segment operating income by approximately $90 million in 2027 and about $270 million annually from 2028, indicating sizable anticipated profitability improvement after completion.
• Management expects the rationalization to lower production capacity and production cost per tire in the Americas, aligning manufacturing footprint with demand and cost objectives.

Negative

• Goodyear will permanently close its Fayetteville, North Carolina plant, resulting in approximately 1,750 job reductions, a significant workforce impact at that facility.
• The company estimates total pre-tax charges of $535 million to $565 million related to the closure, including substantial cash and non-cash costs through 2027.
• Expected pre-tax charges of $205 million to $225 million in the third quarter of 2026 and $65 million to $85 million during the remainder of 2026 will pressure near-term reported earnings.

8-K Event Classification

Item 2.05 — Costs Associated with Exit or Disposal Activities

1 item

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Key Figures

Total pre-tax charges: between $535 million and $565 million Cash charges: $190 million to $210 million Non-cash asset-related charges: $290 million to $310 million +5 more

8 metrics

Total pre-tax charges between $535 million and $565 million Estimated charges associated with Fayetteville plant closure and rationalization plan

Cash charges $190 million to $210 million Expected cash charges for associate-related and other exit costs

Non-cash asset-related charges $290 million to $310 million Expected accelerated depreciation and other asset-related non-cash charges

Pension special termination benefits $40 million to $50 million Expected non-cash pension-related costs tied to the closure

Job reductions approximately 1,750 positions Headcount impact from Fayetteville, North Carolina facility closure

Q3 2026 pre-tax charges $205 million to $225 million Portion of total charges expected to be recorded in third quarter 2026

Remainder 2026 pre-tax charges $65 million to $85 million Charges expected during the remainder of 2026

Americas operating income improvement $90 million in 2027; $270 million annually from 2028 Expected improvement in Americas segment operating income after implementation

Key Terms

rationalization plan, accelerated depreciation, pension special termination benefits, safe harbor provisions, +1 more

5 terms

rationalization plan financial

"The Company expects to substantially complete this rationalization plan by the end of 2027"

accelerated depreciation financial

"non-cash charges primarily for accelerated depreciation and other asset-related charges"

A method that lets a business record larger portions of an asset’s cost as expenses in the early years of its life rather than spreading them evenly over time. Like taking bigger slices of a cake up front, it reduces reported profit initially but often lowers taxes and boosts near-term cash flow, which can change investors’ views of profitability, valuation and the timing of returns on capital.

pension special termination benefits financial

"and pension special termination benefits ($40 million to $50 million)"

safe harbor provisions regulatory

"constitute forward-looking statements for purposes of the safe harbor provisions"

Safe harbor provisions are rules or legal protections that shield companies or individuals from certain penalties or liabilities when they follow specific guidelines or procedures. They provide a sense of security, encouraging compliance and innovation by reducing the fear of legal repercussions if they act in good faith. For investors, these provisions help ensure that companies are transparent and accountable without the risk of unfair punishment for honest mistakes.

forward-looking statements regulatory

"Certain information contained in this may constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Goodyear (GT) decide regarding its Fayetteville, North Carolina plant?

Goodyear approved a plan, agreed with the United Steelworkers, to permanently close its Fayetteville, North Carolina manufacturing facility. The move is intended to reduce production capacity and lower production cost per tire in the Americas region over the coming years.

How many jobs will be affected by Goodyear (GT) closing the Fayetteville plant?

The closure plan includes approximately 1,750 job reductions at the Fayetteville, North Carolina facility. These reductions are part of a broader rationalization effort that Goodyear expects to substantially complete by the end of 2027, with significant operational changes across the site.

What restructuring charges will Goodyear (GT) incur from the Fayetteville closure?

Goodyear estimates total pre-tax charges of $535 million to $565 million. This includes expected cash charges of $190 million to $210 million for associate-related and other exit costs, plus non-cash asset and pension-related charges spread through 2027.

When will Goodyear (GT) record most of the charges related to the plant closure?

Goodyear expects to record approximately $205 million to $225 million of pre-tax charges in the third quarter of 2026 and about $65 million to $85 million during the remainder of 2026. The majority of related cash outflows are expected by the end of 2027.

How will the Fayetteville closure affect Goodyear (GT) Americas segment operating income?

The actions are expected to improve Americas segment operating income by approximately $90 million in 2027 and by about $270 million annually in 2028 and thereafter. These figures are forward-looking estimates and depend on various business and market factors.

What types of non-cash charges will Goodyear (GT) recognize from this rationalization plan?

Non-cash costs are expected to include $290 million to $310 million of accelerated depreciation and other asset-related charges and $40 million to $50 million of pension special termination benefits, reflecting write-downs and benefit-related impacts from the plant closure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/21/2026 - 04:29 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 16, 2026

___________________________________

The Goodyear Tire & Rubber Company

(Exact name of registrant as specified in its charter)

___________________________________

Ohio			1-1927			34-0253240
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)
200 Innovation Way Akron, Ohio 44316-0001
(Address of principal executive offices and zip code)
(330) 796-2121
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, Without Par Value			GT			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.05    Costs Associated with Exit or Disposal Activities.

On July 16, 2026, The Goodyear Tire & Rubber Company (the “Company”) reached an agreement with the United Steelworkers and approved a plan to permanently close its Fayetteville, North Carolina manufacturing facility to reduce the Company’s production capacity and production cost per tire in Americas. The plan includes approximately 1,750 job reductions. The Company expects to substantially complete this rationalization plan by the end of 2027 and estimates the total pre-tax charges associated with this action to be between $535 million and $565 million, of which $190 million to $210 million are expected to be cash charges primarily for associate-related and other exit costs, and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation and other asset-related charges ($290 million to $310 million) and pension special termination benefits ($40 million to $50 million). The Company expects to record approximately $205 million to $225 million of pre-tax charges in the third quarter of 2026 and approximately $65 million to $85 million of pre-tax charges during the remainder of 2026. The majority of the cash outflows associated with this plan will occur by the end of 2027. These actions are expected to improve Americas segment operating income by approximately $90 million in 2027 and by approximately $270 million annually in 2028 and thereafter.

Safe Harbor Statement

Certain information contained in this Current Report on Form 8-K may constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995, including those statements regarding the expected amounts of charges and savings resulting from the plan. All forward-looking statements are based on management’s estimates, projections and assumptions as of the date hereof. There are a variety of factors, many of which are beyond the Company’s control, which could affect its operations, performance, business strategy and results and could cause its actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to the risks and other factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent management’s estimates only as of today and should not be relied upon as representing management’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, even if management’s estimates change.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			THE GOODYEAR TIRE & RUBBER COMPANY
Date: July 21, 2026			By:			/s/ Daniel T. Young
			Name:			Daniel T. Young
			Title:			Secretary

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