Goodyear to close New Zealand plant, cut 400 jobs

Newswire

CHICAGO, June 29 (Reuters) - Goodyear Tire & Rubber Co. said on Thursday it plans to close a New Zealand tire plant within eight months under a restructuring announced last year, cutting about 400 jobs. Goodyear, the largest U.S. tire maker, said it expects after-tax charges of $35 million, about $20 million cash, to close its South Pacific Tyres plant in Upper Hutt, New Zealand. It expects to save $15 million a year with the closing. The plant produces about two million radial ...

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