AKRON (May 25, 2010) — Goodyear plans to shut its Taoyuan, Taiwan, tire plant by July to cut costs.
The closure is expected to be complete July 31. About 236 workers will be laid off, according to a spokesman, who said the company will continue to maintain a sales and service operation in Taiwan because Akron-based Goodyear is committed to that market.
Machinery at the 39-year-old plant is being moved to other, more price-competitive plants in the region, the spokesman said.
Most of the estimated 3,000 passenger, light truck and bus tires produced daily at the factory are exported to other Asian countries.
The spokesman said Goodyear has been making a concerted effort to cut cost wherever possible and shift production to less expensive countries.
This report appeared on the website of Rubber & Plastics News, an Akron-based sister publication of Tire Business.