Goodyear Tire & Rubber.Goodyear Tire & Rubber will end tire production at its Valleyfield Valleyfield, city (1991 pop. 27,598), S Que., Canada, on the Beauharnois canal, at the northeast end of Lake St. Francis, SW of Montreal. A port of entry and industrial center, it has cotton and synthetic textile mills, a zinc refinery, and plants making chemicals, , Quebec Quebec, city, Canada Quebec, Fr. Québec, city (1991 pop. 167,517), provincial capital, S Que., Canada, at the confluence of the St. Lawrence and St. Charles rivers. , Canada, facility and transform the plant into a materials mixing center by the second half of 2007, the company said. Goodyear said the mixing center will employ about 200 people, compared with 1,000 who work at the tire plant now. The change will reduce Goodyear's annual production by 7 million tires. The company expects charges of $115 million to $120 million, or $165 to $170 million after tax, for restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and accelerated depreciation Accelerated Depreciation Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years of the life of an asset. Notes: The straight-line depreciation method spreads the cost evenly over the life of an asset. , with most of the charges taken in the fourth quarter. |
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