Michelin

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
France, United States
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
1,900 jobs
Number of planned job losses
Job loss
Announcement Date
22 June 2017
Employment effect (start)
1 September 2017
Foreseen end date
1 January 2021

Description

On Thursday 22 June, Michelin, the French tyres manufacturer, detailed the restructuring plan that will result in 1,500 jobs cuts in France and 450 in the US by 2021.

The job reductions is a result of an internal reorganisation of  the company's regional divisions. The company specified that in France only 3,500 of the 5,000 workers expected to leave or retire will be replaced. Michelin will cuts almost 1,000 jobs at its Clermont-Ferrand headquarter. In the US, the company  said it would replace only 1,050 of the 1,500 US workers expected to leave or retire.

The group employs 111,700 employees worldwide, 11,000 of which in Clermont-Ferrand.

Sources

  • 23 June 2017: Rubbernews
  • 22 June 2017: The New York Times

Citation

Eurofound (2017), Michelin, Internal restructuring in World, factsheet number 91368, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91368.