Morocco: Goodyear to close Casablanca facility

摘要

GOODYEAR has announced plans to close its tyre manufacturing plant in Casablanca, Morocco, by the end of this year, according to its filing with the Securities and Exchange Commission. The closure is expected to result in the loss of around 150 jobs but should save the supplier around US$10m a year when complete. The move is expected to cost Goodyear US$28m, which the tyre manufacturer plans to include in its fourth-quarter results.