MEXICO CITY (April 9, 2001)—Goodyear Mexico announced the immediate closure of its tire plant in TultitlÃ¡n, Mexico, citing high operating costs. The decision affects 1,559 employees who will receive severance payments mandated by Mexican law. The plant opened in 1941.
Other Goodyear non-tire facilities in Mexico (San Luis Potosi and Chihuahua), which employ approximately 675 people, are not affected.
Goodyear said it will continue supplying products in Mexico, sourced from other locations in North America, Latin America and Europe.
A company spokesman said Goodyear deeply regretted the decision and had made intense efforts and significant investments to improve productivity in recent years.
The spokesman said the company is looking for opportunities to transfer some employees affected by this measure to other facilities.