Goodyear's Union City plant closed

ERJ staff report (DS)

Union City, Tennessee -- The Goodyear Tire & Rubber Company said it has ceased production at its tyre manufacturing facility in Union City, Tennessee. On February 10, Goodyear had announced its intention to close the plant by the end of 2011.

As a result of the accelerated closure and payments to approximately 1,800 associates under the federal Worker Adjustment and Retraining Notification Act, Goodyear expects to record additional after-tax charges of approximately $20 million. The majority of these additional charges will be recorded in the second quarter of 2011.

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Press release from Goodyear