Michelin to cut up to 2,300 jobs over three years: Reuters
French 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, Reuters reads.
The job cuts equate to almost 2% of its global workforce.
“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”, it added.
Michelin said the measures would affect up to 1,100 positions in offices and 1,200 positions in plants, stressing nearly 60% of the job reductions would be based on voluntary early retirement schemes.