Overview
- The company plans to close its Fayetteville, North Carolina, tire plant in 2027, which will eliminate about 1,700 positions at one of the county’s largest employers.
- Goodyear says the move will help it compete after reporting a $249 million net loss on $3.9 billion in sales, with first-quarter tire production down 11.6% year over year.
- Talks with the United Steelworkers are underway on the wind-down, and the Fayetteville site is one of four plants that build Goodyear’s consumer tire lines.
- Local officials called the loss a major blow and said they are coordinating job help and recruitment, noting this adds to roughly 2,300 industrial jobs lost in recent years even as other projects have brought about 2,000 jobs.
- The plant, which opened in 1969 and spans 2.2 million square feet on 403 acres, has received about $41 million in state and local incentives over two decades, and a separate $40 million package was vetoed.