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flag Yokohama Tire will close its Salem, Virginia plant in 2026, cutting 392 jobs due to declining demand and outdated equipment.

flag 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. flag The company cited declining demand, expired product lifecycles, and outdated equipment as reasons, stating the plant no longer meets its manufacturing needs. flag The closure follows the end of a collective bargaining agreement. flag WARN Act notices have been issued, and benefits will be provided per company and union agreements. flag Salem officials expressed concern over the economic and personal impact, pledging support through workforce services and partnerships. flag The 62-acre site is now under review for future use.

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