POST Online Media Lite Edition



 

Michelin cuts 619 jobs as it closes factory in France

Christian Fernsby |
619 employees will lose their jobs next year as Michelin struggles to plug its' diminishing profit margin.

Article continues below



Topics: MICHELIN    FACTORY    FRANCE   

Michelin says competition from Asia and a slowing auto economy are behind the decision to close the Roche-Sur-Yon plant in the west of France.

However, the move is part of a bigger, previously announced plan.

At the end of 2018, Michelin employed 20,000 people in France and more than 100,000 in the world.

Two weeks ago, the French company announced the closure of a factory with 858 employees in Germany by 2021, and last year said it would shutter a plant with 845 employees in Scotland.

Michelin promised a "support plan" for employees affected by the Roche-sur-Yon closure, and said it would offer every one a chance to remain in the company in France.

The firm says 74 people who work at a factory in nearby Maine-et-Loiret, manufacturing rubber for the site in La Roche-sur-Yon, will also be affected.

It would also seek out "a major public-private project" in a bid to relaunch the failing site.


What to read next

Michelin reorganises its activities in UK, Italy, and Germany
Michelin to close its Dundee site in UK, Secretary says it would be devastating
Michelin Dundee: Scotland looks forward to sign agreement in coming days