EMCC European Monitoring Centre on Change

Michelin

Company/Organisation:
Michelin

Geographic Location

Country: World
Location of affected unit(s): France and US

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Number Employed: 111700

Employment Effects

Announcement Date: 22-06-2017
Planned Job Reductions min: 1900
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-09-2017
Foreseen End Date: 01-01-2021

Additional Information

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:

23-06-2017Rubbernews
22-06-2017The New York Times

Sources Links:

http://www.rubbernews.com/article/20170623/NEWS/170629970/michelin-restructuring-will-cut-jobs-in-u-s-france

​https://www.nytimes.com/reuters/2017/06/22/business/22reuters-michelin-restructuring.html