Michelin To Close French Truck Tyre Plant
Michelin is preparing to close a small truck tyre plant in France, Deutsche Bank analysts have reported. According to the analysts, the company will close its Poitiers plant (which employs some 500 people) and transfer truck tyre production to Tours. The larger Tours plant has 2000 employees.
”Since we expect 30 per cent of the group’s Western European workforce (or 17,000 people) to be retired by the next five years, this will underline a significant reorganisation of the group’s industrial organisation, involving their 31 European plants,” the analysts commented. 26 of Michelin’s European plants can be found in Western Europe, while the remaining five are in Central Europe.