Episode
Goodyear Closes Fayetteville Plant, 1700 Jobs Lost
- Published
- May 15, 2026
- Duration seconds
- 78
- Processing state
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Summary
Goodyear Tire and Rubber Announces Fayetteville Plant Closure, Cutting 1700 Jobs The Goodyear Tire and Rubber Company has announced plans to close its longstanding plant in Fayetteville, North Carolina, resulting in approximately 1700 job losses by December 2027. This decision comes as the company negotiates with the local United Steelworkers union to wind down operations. The tire industry is rapidly evolving, and Goodyear, the last major U.S.-based tire maker after acquiring Cooper Tire in 2021, must adapt to remain competitive. Local leaders express disappointment but commit to assisting workers in transitioning to new jobs. This closure would be one of the largest factory shutdowns in the state by job losses since a 2022 fire at a QVC center in Rocky Mount eliminated nearly 2000 positions. Financial struggles have impacted Goodyear, with a $249 million loss in the first quarter of 2026 and a $1.7 billion deficit for all of 2025, attributed to weak demand and market shifts. Despite efforts to keep the plant open, these cuts aim to ensure the companys future in a challenging market, leaving the community to prepare for the changes ahead. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/3fabfff530bf8182