Sumitomo Rubber closing western New York tire plant and cutting 1,550 jobs ...Middle East

News10NBC - News
TONAWANDA, N.Y. (AP) — Sumitomo Rubber announced Thursday it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs. The Japan-based company said attempts to control costs, along with investments in the aging facility, had failed to offset mounting financial losses. “The plant closure is primarily due to overall facility performance within the increasingly competitive international tire market. This difficult decision follows a multi-year analysis of the company’s financial situation and general market conditions,” Sumitomo said in a statement. Efforts to save the Tonawanda plant, near Buffalo, included trying to find a buyer for it, the com

Hence then, the article about sumitomo rubber closing western new york tire plant and cutting 1 550 jobs was published today ( ) and is available on News10NBC ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Sumitomo Rubber closing western New York tire plant and cutting 1,550 jobs )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News