Sumitomo Rubber is shutting a century-old New York tire plant and laying off all 1,550 employees working there

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The Japan-based company said attempts to control costs, along with investments in the aging facility, had failed to offset mounting financial losses.

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Article Details

Author / Journalist: The Associated Press

Category: EconomyBusiness

Markets: United StatesJapan

Topics: Manufacturing American manufacturing New York Layoffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 09:28:13 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 22 words

Reading Time: 1 minutes read

Sentences: 16 lines

Sentence Length: 2 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23469141

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 35 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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