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Update: Goodyear to axe 890 jobs in German plant closure

Akron, Ohio – Goodyear Tire & Rubber Co. plans to close its passenger car and light truck tire plant in Philippsburg, Germany with the loss of 890 jobs, the US company said in a stock exchange filing.

The closure of the facility, operated by Goodyear Dunlop Tires Germany GmbH, is part of a strategy to reduce excess capacity in “declining, less profitable segments of the tire market,” said the 20 Oct statement.

“Our strategy is focused on increasing Goodyear’s presence in high value segments of the tire market that are growing…

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