Michelin will close two French plants by 2026, cutting over 1,250 jobs due to declining sales.

Michelin plans to close two plants in France by early 2026, affecting over 1,250 jobs, due to declining sales and competition from Asian tire manufacturers. The company aims to support affected employees with job offers or early retirement options. Meanwhile, German auto parts maker Schaeffler announced 4,700 job cuts across multiple European sites, highlighting ongoing challenges in the European auto industry amid rising energy costs and global competition.

November 05, 2024
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