French tyre maker Michelin to cut up to 2,300 jobs over three years
Michelin is yet another auto-industry victim of the Covid-19 pandemic in a sector, which was already struggling with the shift to electric vehicles from diesel and petrol cars.
FrenchFrench tyre maker Michelin said on Wednesday it would cut up to 2,300 jobs over three years as part of a new simplification and competitiveness plan in France, adding this would not involve layoffs nor plant closures, reports RFI.
Michelin is yet another auto-industry victim of the Covid-19 pandemic which has hammered the sector, which was already struggling with the shift to electric vehicles from diesel and gasoline cars.
According to the French tyre manufacturer, the 2,300 job cuts equate to almost 2% of Michelin's global workforce.
The group issued a statement this Wednesday, saying "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.
