Sumitomo Rubber Shuts Down Tonawanda Plant, Laying Off 1,550 Workers
The sudden closure of the tire factory delivers a significant economic blow to the Buffalo Niagara region.
- The closure announcement left many employees feeling blindsided, with some learning of their layoffs through news reports.
- The Tonawanda plant was a major local employer and its shutdown will have widespread economic repercussions.
- Sumitomo cited financial losses and unprofitability in the North American market as reasons for the closure.
- Local officials and union leaders expressed frustration over the lack of communication and the abrupt decision.
- Despite recent investments to modernize the plant, the company decided to cease operations due to continued financial struggles.