Firestone to close down six plants, idling 7,000

The Firestone Tire & Rubber Company announced plans Wednesday to close five tire plants and a synthetic latex plant permanently as part of a restructuring of its North American tire operations, idling 7,000 employees. The planned action will require an after-tax charge of $49 million, or 85 cents per share, to second-quarter earnings, according to chairman and chief executive officer Richard A. Riley. Tire production will be discontinued in Dayton and Barberton, Ohio; Los Angeles and Salinas Calif.; and Pottstown, Pa. The synthetic latex plant is in Akron

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...