Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
French tyre manufacturer Michelin has announced the creation of 100 jobs in its plant in La Roche-sur-Yon (Vendée) by the end 2018 to cope with a projected increase in production of the plant. Michelin has hired 335 employees over the past three years at this plant. The group has invested €56 million to modernise the production line and to produce high-end tyres for trucks.
The company has expanded several times within France over the past years, in 2010, 2011, 2013, in May 2016 at La Roche-sur-Yon (Vendée), in December 2016 at its Cholet plant (100 job creations) and in March 2017 (210 jobs at its plant in Blanzy - Saône-et-Loire).
Job cuts occurrences were also recorded in 2009 and 2013. Michelin has recently announced a plan to restructure one of its sites in Clermont-Ferrand, with a site closure by the end 2017 and a reorganisation of its engineering department by 2018. In January 2017, Michelin agreed the non-replacement of a hundred retirements within five years at its Vannes site.
Eurofound (2017), Michelin, Business expansion in France, factsheet number 92305, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92305.