Jobs & Layoffs · Notice
Goodyear to close two chemical plants, about 85 jobs
Goodyear told the SEC it will close its Niagara Falls, New York and Bayport, Texas chemical plants by the end of 2027, with about 85 job reductions and $55 million to $75 million in charges.
The Goodyear Tire & Rubber Company told the Securities and Exchange Commission on October 1, 2026 that it approved a plan on September 29 to close its chemical manufacturing facilities in Niagara Falls, New York and Bayport, Texas, with approximately 85 job reductions.
What the filing says
The company expects to substantially complete the plan by the end of 2027. It puts the total pre-tax charges at $55 million to $75 million. About $30 million is expected to be cash, primarily for plant decommissioning and associate-related and other exit costs, and the remainder non-cash, primarily accelerated depreciation and other asset-related charges. Goodyear expects to record about $35 million of the charges in the third quarter of 2026 and about $15 million in the remainder of 2026, and says most of the cash will go out by the end of 2027.
The benefit side
The filing says the actions are expected to improve the operating income of Goodyear's Americas segment by about $15 million to $20 million a year beginning in 2027.
What the filing does not say
The 85 job reductions are one figure for both plants. The filing does not say how many are at Niagara Falls and how many at Bayport, whether they are layoffs or transfers, or what severance terms apply. Where a plant closing is large enough to require a state WARN notice, that notice names the site and the number of workers; how WARN notices work explains when one is owed, and the state listings show the ones the desk can read.
If you work at either plant
Ask in writing about pay and benefits through the closing date, severance, and whether transfers are offered, and read any separation agreement before signing it. The first 30 days after a layoff sets out the deadlines that follow a job loss. How to read an 8-K Item 2.05 explains this kind of filing, and the layoffs tracker records it beside the other restructurings the desk has read.
What to do
- Read the filing; it is short and states the plants, the job figure, the charges and the timing. sec.gov
- If you work at either plant, ask your manager or HR in writing about pay, severance, transfer options and health coverage through the closing date; the filing says only that costs include associate-related exit costs.
- Check the New York and Texas state WARN listings for a notice naming the plant and the number of workers.
Questions readers ask
- How many jobs does the Goodyear closure affect?
- The filing says the plan includes approximately 85 job reductions. It gives one figure for both plants and does not say how it divides between Niagara Falls and Bayport, or whether the figure counts only employees or also contractors.
- When will the plants close?
- The company expects to substantially complete the rationalization plan by the end of 2027. The filing gives no closing date for either plant on its own.
- What will it cost Goodyear?
- Total pre-tax charges of $55 million to $75 million, of which about $30 million is expected to be cash, primarily for plant decommissioning and associate-related and other exit costs. The rest is non-cash, mainly accelerated depreciation and other asset-related charges. The company expects the actions to raise Americas segment operating income by about $15 million to $20 million a year beginning in 2027.
Filed under: Layoffs 2026: what companies told the SEC
How we reported this
Built from 2 primary documents linked in the Source Card. Every number was copied from the document, not from another outlet.
Written by Mirza Seraj Baig · Checked against the documents in the source card (editorial standards).