Goodyear Tire & Rubber Approves Rationalization Plan In EMEA To Improve Its Cost Structure; Proposed Restructuring To Reduce Net 400 Positions In EMEA Expects Pre-Tax Charges Of $100M-$110M From Plan; Expects Plan To Be Substantially Complete In 2028

Goodyear Tire & Rubber has approved a rationalization plan in the EMEA region aimed at improving its cost structure, which will result in a net reduction of 400 positions. The company anticipates pre-tax charges between $100 million and $110 million associated with this restructuring plan, which is expected to be substantially completed by 2028.