Goodyear Tire & Rubber Co. is set to close its tire plant in Las Piñas City, Philippines on Sept. 30, 2009 amid weaker global demand.

The closing of the plant would result in the laying off of 500 of its 600 Filipino workers. They will, however, maintain their marketing, sales, distribution and administrative offices here.

Up to 80% OFF

Goodyear Philippines would reportedly source its supply from plants in Indonesia, Malaysia and Thailand.