Michelin slashes jobs, boosts production
Michelin said in a statement that it would cease the manufacture of truck tyres at its Joue-les-Tours site in the country's west and concentrate production on its factory at La Roche-sur-Yon, also located in western France.
That site's annual production would increase from the current level of 800,000 to 1.6m by 2019, creating around 170 new jobs.
The company said that only 200 of the 930 people currently employed at Joue-les-Tours factory would keep their jobs.
None of the redundancies will be compulsory and 250 workers will be offered early retirement while others will be offered posts at the different Michelin sites in France.
Michelin also announced that it will end production of truck tyres in Algeria by the end of this year. Its facilities in the north African state are to be taken over by Algerian company Cevital which has pledged to offer jobs to Michelin's 600 employees.
Michelin has been hit hard by the depressed state of the car market in France. French car sales fell 10.3% in May to 148,554 units against 165,691 a year ago, according to the CCFA industry body.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
New whitepaper drives efficiency and sustainability in SA transport 16 Aug 2024 #BehindtheSelfie: Saajid Hoosen, marketing manager at Michelin SA 5 Jul 2024 Canal+ offer for MultiChoice deemed 'fair and reasonable' by independent board 4 Jun 2024 Michelin's R650k donation boosts operations of 5 South African NPOs 15 Mar 2024 Dunlop partners with Extreme SuperCars for an exhilarating 2024 racing season 1 Mar 2024 Algeria bans Barbie movie, media and official source say 15 Aug 2023
