Michelin plans to scrap up to 2,300 jobs over three years, no layoffs

Michelin plans to scrap up to 2,300 jobs over three years, no layoffs

French tyre maker Michelin said on Wednesday it would cut its workforce by up to 2,300 jobs over three years as part of a new simplification and competitiveness plan in France.

FILE PHOTO: Michelin tyre's factory restarts production in its plant in Cholet
FILE PHOTO: An employee walks past the entrance of Michelin tyre's factory which restarts production after its plant has been closed during a lockdown imposed to slow the rate of the coronavirus disease (COVID-19), in Cholet, France, April 14, 2020. REUTERS/Stephane Mahe

PARIS: French tyre maker Michelin said on Wednesday it would cut its workforce by up to 2,300 jobs over three years as part of a new simplification and competitiveness plan in France.

"The plan is part of a broad co-construction and social dialogue approach and will rely on negotiating a three-year framework agreement that will not entail any layoffs", the group said in a statement.

"The plan does not rely on plant closures", Michelin added.

(Reporting by Sudip Kar-Gupta; Writing by Benoit Van Overstraeten; Editing by Louise Heavens)

Source: Reuters

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