UPDATE 1-Goodyear to shut Texas tire plant, cut 1,100 jobs

Newswire

(Adds details, stock action) CHICAGO, Oct 30 (Reuters) - Goodyear Tire & Rubber Co. The company, the largest U.S. tire maker, said it expected to take an after-tax restructuring charge of between $155 million and $165 million for closing the plant in Tyler, Texas. The cash portion of this charge should be between $40 million and $50 million, the company said. The Tyler plant primarily makes small-diameter passenger tires, a segment that has been under considerable pressure from ...

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