Retail

Goodyear to lay off 450 in Tennessee

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Goodyear Tire & Rubber Co. plans to lay off 450 workers at its plant in Union City, Tenn.

The factory currently employs 3,800 people.

Goodyear cites "economic conditions" and below-average shipment levels as reasons for the decision.

"We're taking steps to control inventory," says a Goodyear spokesman.

The Union City plant can produce 54,000 passenger and light truck tires at full capacity, according to Modern Tire Dealer data.

Goodyear's stock closed at $8.77 a share yesterday.

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