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

Summary by My Mother Lode
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. …
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