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Yokohama Tire will close its Salem, Virginia plant in 2026, cutting 392 jobs due to declining demand and outdated equipment.
Yokohama Tire will lay off 392 workers at its Salem, Virginia plant starting in March 2026, with production ending by July and the facility closing on September 17.
The company cited declining demand, expired product lifecycles, and outdated equipment as reasons, stating the plant no longer meets its manufacturing needs.
The closure follows the end of a collective bargaining agreement.
WARN Act notices have been issued, and benefits will be provided per company and union agreements.
Salem officials expressed concern over the economic and personal impact, pledging support through workforce services and partnerships.
The 62-acre site is now under review for future use.
Yokohama Tire cerrará su planta de Salem, Virginia en 2026, reduciendo 392 empleos debido a la disminución de la demanda y los equipos obsoletos.