Goodyear Tire shares up on restructuring plan in EMEA, job cuts

ReutersMar 20, 2026 9:14 PM

Shares of Goodyear Tire & Rubber GT.O up ~1% at $6.22 after the bell

Co approves rationalization plan in EMEA to improve its cost structure, as per SEC filing

Proposed restructuring to reduce net 400 positions across multiple countries within EMEA

Expects pre-tax charges of $100 mln-$110 mln related to the plan

GT expects restructuring actions to be substantially complete in 2028

Stock fell 2.6% in 2025

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