Goodyear to Lay Off 550 in Tennessee

Akron, Ohio’s Goodyear Tire & Rubber will cut production at a Union City, Tennessee tire plant, laying off 550 workers.

The plant produces 12 million tires a year, and employees 2,300 workers.

The Goodyear Tire & Rubber Company was founded in 1898 by Frank Seiberling. Today it is the third largest tire company in the world, after Bridgestone and Michelin. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, and heavy earth-mover machinery.