When announcing expansion plans for its North American plant in January 2023, Nokian Tyres said it would increase the workforce to 475 by hiring 75 new employees. The company has now completed the recruitment process, having hired 125 new workers for the Dayton, Tennessee factory as part of plans to double production at the facility by 2024.
Prinx Chengshan’s 2022 Environmental, Social and Governance Report (ESG Report) tells us that the company employs 6,144 people, manufactures tyres at plants in China and Thailand, and sells these in three main regions – China, North America and Europe. Its key brands are Prinx, Chengshan, Austone and Fortune.
A job well done may be its own reward, but sharing the resulting profits benefits both employee and employer. This seems to be a principle that Michelin understands well, as the tyre maker has announced its ‘Bib’Action’ employee share ownership plan. Open to 120,000 members of its workforce, Michelin says this latest initiative illustrates its determination to “have its employees collectively rank among its main shareholders.”