Goodyear plans to close plants, restructure

New York–Goodyear unveiled on Friday a plan that includes the closure of plants and addresses in on the tyre maker’s current and future turnaround strategy.

The company intends to close an undisclosed number of factories, reduce its cost structure, accelerate the introduction of consumer-driven new tyres and generate capital to support further investment in the firm’s core tyre businesses.

Goodyear has achieved many of its goals in the last three years, Chairman and CEO Robert Keegan said in a news release, and want to further improve its…

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