Bridgestone Americas has announced that it's slashing 700 Tennessee jobs to "optimize its business footprint."

Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company announced in a news release.Bridgestone said the closure will help the company “optimize its business footprint” and “strengthen its competitiveness.

Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company announced in a news release. Bridgestone said the closure will help the company “optimize its business footprint” and “strengthen its competitiveness.”

Bridgestone stated that the closure is part of its strategy to "optimize its business footprint" and "strengthen its competitiveness" in the market.

Bridgestone to close a major tire plant, laying off 700 employees. Discover why this decision was made and its implications for the workforce and the tire industry.

Bridgestone explained it increasingly needs to optimize and manage costs, and therefore decided to close the LaVergne TBR Tire Plant. The closure will impact approximately 700 hourly and staff employees. The LaVergne Tire Plant in Tennessee began manufacturing TBR tires in 1972.

Bridgestone has been "updated and optimizing" its business across the U.S., including in its Nashville headquarters, a statement from the company said. Forthcoming workforce reductions will impact the U.