Goodyear to close Texas plant, cut 1,100 jobs


CHICAGO, Oct 30 (Reuters) - Goodyear Tire & Rubber Co. said on Monday it plans to close a tire making plant in Texas and cut around 1,100 as part of a drive to exit some private label segments of the market. Akron, Ohio-based Goodyear said it expected to take a restructuring charge related to the closure of the plant in Tyler, Texas of between $155 million and $165 million after tax. The largest U.S. tire maker said the plant closure will result in annual savings of approximately $50 ...

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