Goodyear plans to shut down its manufacturing plant in Wolverhampton, central England.
The closure is expected to affect all 330s worker at the plant with first redundancies likely on 31 December 2015.
Goodyear said: “We have not, however, reached an agreement with the union on the redundancy settlement for those affected by this decision. The company has recommended involving [independent mediator] ACAS in order to finalise the settlement.”
The plant will be shut down in phases with production ending by January 2017, BBC News reported.