Michelin
Industryweek 9713 Michelin 2
Industryweek 9713 Michelin 2
Industryweek 9713 Michelin 2
Industryweek 9713 Michelin 2
Industryweek 9713 Michelin 2

Michelin to Close Three European Production Sites

Nov. 3, 2015
Increased competition and the economic crisis had "lastingly affected the European tire market," resulting in a workforce cut of 1500. 

PARIS --Michelin (IW 1000/179) said on Nov. 3 that  it was planning to close three production sites in Europe within three years, shedding 1,500 jobs.

The Fossano factory in Italy and the Oranienburg factory in Germany would be shut by the end of 2016, and Ballymena in Northern Ireland by mid-2018, the company said.

Michelin said increased competition and the economic crisis had "lastingly affected the European tire market," especially for trucks and reconditioned tires.

Michelin said it would make a one-off provision of 280 million euros (US$307 million) in the current financial year to cover the cost of the closures.

The company said other European factories would take over some of the production currently handled by the three affected sites.

Michelin is among the world's three biggest tire makers, along with Bridgestone and Goodyear.

It employs 65,000 staff in Europe, where 40 production sites account for 40% of worldwide sales.

Copyright Agence France-Presse, 2015

Popular Sponsored Recommendations

Manufacturing Performance Benchmark Report

Sept. 6, 2021
To overcome today’s challenges and meet goals and milestones for the future, organizations must operate at the highest level of performance. But unfortunately, not every company...

Low-Volume Rapid Injection Molding With 3D Printed Molds

Oct. 18, 2022
This white paper provides methods and guidelines for using stereolithography (SLA) 3D printed molds in the injection molding process to lower costs and lead time.

Beat the odds. Optimize product costs. Mitigate supply chain issues.

Sept. 12, 2023
Leverage fact-based supplier negotiations. Enhance design. Get to market faster. Our comprehensive Should Cost Analysis guide shows you how.

HCM and Digital Scheduling Technology: An Underutilized Solution for One of Manufacturing’s Biggest Challenges

April 2, 2023
Digital scheduling tools available via advanced Human Capital Management solutions offer compelling ways to improve production-line workforce retention, engagement, and productivity...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!