According to Reuters, Goodyear, a US tire manufacturer, announced that it has closed its tire production plant in Union City, Tennessee, ahead of schedule. It is reported that there are about 1,800 employees in this factory, and they are large employees in the local area.

Goodyear said that the company originally planned to close the factory by the end of 2011, but the company decided to shut down the plant ahead of schedule because the production was transferred to other factories faster than expected.

Previously, Goodyear said that the closure of the plant will save 80 million US dollars in expenditure each year. The company announced on July 11, 2011 that, in addition to the $270 million already spent, Goodyear will also pay an additional $20 million in reorganization costs related to the shutdown of the plant. The majority of this $20 million expenditure will be reflected in In the second quarter results. The company said it will announce more details when it releases its second quarter results report.

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