UPDATE 1-Goodyear to close Australian plant, cut 600 jobs

Newswire

(Adds details on production impact, charges, background) DETROIT, June 25 (Reuters) - Goodyear Tire & Rubber Co said on Wednesday it will close a tire plant in Australia by the end of 2008, cutting 600 jobs, under its long-term plan to eliminate high-cost production capacity. Goodyear, the largest U.S. tire maker, also said it had completed a three-year restructuring goal of eliminating 25 million tires of annual production from higher-cost countries to save the company about $150 ...

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