Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Fulda (Hesse), F├╝rstenwalde (Brandenburg)
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

1,050 jobs
Number of planned job losses
Job loss
Announcement Date
1 June 2023
Employment effect (start)
1 June 2023
Foreseen end date
30 September 2025

Description

The American tyre manufacturer Goodyear has announced the reduction of 550 jobs at its plant in Fulda, Hesse. The reason given for the job cuts was to reduce structural costs in order to increase competitiveness. In addition, according to the company, falling demand in the car market and high inflation contributed to this decision. As a result, the capacity of the plant in Fulda is to be reduced by the end of 2024 and the management levels of the plants in Fulda and Hanau are to be merged. More than 1000 jobs have already been cut at the Fulda and Hanau sites in 2019. Alexander Wiesbach of the IGBCE trade union said they would not accept the plans and has stated they would try to find alternative solutions in the negotiations to reduce the number of job cuts.

Goodyear Dunlop is one of the largest tyre manufacturers in Germany and employs over 5,000 people. Worldwide, it has 72,000 employees at 55 locations in 23 countries. The company's brands include Goodyear, Dunlop and Fulda tyres.

Update 15/11/2023

In November 2023, Goodyear announced further cost saving measures, also affecting the site in Fulda. According to the latest news, the plant in Fulda will be closed by the end of the third quarter of 2025 with 1,050 employees loosing their jobs.


Sources

Citation

Eurofound (2023), Goodyear Germany, Internal restructuring in Germany, factsheet number 109211, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109211.