Sumitomo Rubber USA announced the closure of its century-old Buffalo, New York, Dunlop tire factory, resulting in the termination of 1,550 employees. The decision was attributed to the factory's inability to compete with overseas manufacturing costs despite a $140 million modernization investment. Sumitomo cited poor facility performance and market pressures as factors behind the closure, which followed years of financial analysis. Local lawmakers criticized the move, arguing that discussions with state and local officials could have prevented the job losses. Erie County Executive Mark Poloncarz expressed frustration, stating the decision was made unilaterally by the company's Japanese board. Continue here.
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