Michelin giveth, Michelin taketh away – French investments, retreading plant closure

Being environmentally-friendly and financially sound hasn't stopped retreading from losing ground to cheap, imported new tyres

In what it calls a “series of decisions that adapt its industrial and service activities in Clermont-Ferrand,” French tyre maker Michelin has announced the closure of a retreading facility at its headquarters site and a further 164 job cuts in its Engineering operation. At the same time, the company has outlined plans to invest €90 million into projects at three Clermont-Ferrand locations.

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