Tag: job losses
Bigger tyres, less jobs: Goodyear announces bittersweet investment for Germany
Goodyear is investing 106 million euros (£90.6 million) to modernise two of its tyre plants in Germany. The investment in the Hanau and Fulda facilities will increase their capacities to produce tyres for 17-inch and larger rim diameters; Goodyear Dunlop Tires Germany intends to add an extra 2.5 million units to its annual capacity in this segment. But it isn’t all good news – the company reports that these modernisation measures will lead to the loss of approximately 1,100 jobs.
Ben offers help those affected by factory closures
Following the closure announcement relating to Honda’s Swindon plant as well as the closure and scaling back of production at a number of other automotive factories and their suppliers, Carol Keller, communications director at Ben – the charity and support service for the automotive sector – extended the charity’s offer of help to those affected:
William and Kate meet with Michelin staff in Dundee
The Duke and Duchess of Cambridge have met with Michelin Dundee stakeholders as part of a visit to officially open Dundee's V&A Museum of Design.
Michelin Dundee closure: Scotland’s Economy Secretary convening action group
Scotland’s Finance and Economy Secretary, Derek Mackay, held urgent talks yesterday with trade unions and the management of Michelin Tyre Company Ltd. to discuss the future of the Dundee car tyre plant, following confirmation of Michelin’s intention to close the plant by 2020.
Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
An analyst report published by Jefferies International Limited has stated that the closure of Michelin’s Dundee plant “supports [the company’s] intent to accelerate cost savings during 2019-20.” Presenting its nine-month 2018 results in October, Michelin warned that demand had deflated in the car and truck markets and it was revising down its guidance; subsequently Michelin shares fell to a seven-year low.
Michelin closing Dundee tyre factory
Two months after the tyre manufacturer began a restructuring programme at its factory in Dundee, Michelin is set to close the plant at the cost of about 850 jobs. Michelin, which has run the Dundee site since 1971, says it plans to leave the city by 2020.
Yokohama sacks 29 Mississippi tyre factory workers
Yokohama Rubber’s Mississippi tyre factory has fired 29 employees for not meeting job requirements. Local media has reported that employees at the plant in West Point were fired for using fake worker certifications. The workers obtained fraudulent certification documents from a job-training program that companies use to determine the aptitude of potential hires.
Maximum 125 job losses at Sensata Northern Ireland
A maximum of 125 jobs will be cut at Sensata’s factory in Carrickfergus, Northern Ireland. Company representatives clarified their plans in response to earlier reports suggesting as many as 275 jobs were at risk. The latest information is that, while 275 employees have been told that their positions are “at risk”, the number of job losses will be capped at 125. A company spokesperson confirmed this in a statement in answer to Tyres & Accessories questions on the matter:
Michelin cuts jobs in France and the US
Michelin has announced plans to significantly reorganise globally, resulting in significant job losses in France and the US most of which will be covered by natural attrition. In the United States 450 jobs in central functions are to be cut between 2018 and 2021. According to Michelin, 1,500 employees would actually leave the company in the same period, suggesting a large majority will result from natural attrition and retirement.
Michelin giveth, Michelin taketh away – French investments, retreading plant closure
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.
Ford cutting 100s of jobs in the UK and Germany
Ford is aiming to saving US$200 million a year by reducing the number of sales marketing and administration jobs its supports in Europe. To achieve this Ford will offer a voluntary redundancy scheme to the 10,300 salaried workers it employs in Europe, according to Reuters. The deal is likely to include severance pay and early […]
Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent
Michelin Tyre Plc is consulting on the closure of its Ballymena truck tyre factory at the same time as investing in the expansion of its Dundee car tyre and Stoke-on-Trent retreading sites. The Ballymena factory closure plans suggest the site will be run-down between now and a mid-2018 closure point. The Ballymena factory currently employs 860 people and Michelin says it is “committed to supporting those employees during consultation and in the forthcoming months”.
400 job losses at JCB
JCB has announced plans to axe over 400 jobs following a "dramatic" slow-down in world markets. The firm reports that the equipment market in Brazil, Russia, China and India was down 43 per cent compared with the same period in 2014.
Nokian Tyres to lower production, lay off workers in Finland
The the economic situation in Russia and the CIS countries has led to a downgrade in Nokian Tyres’ 2015 outlook. The Finnish tyre maker says sales of passenger car tyres have continued to decline in this region, and those tyres being purchased within the Russian market are increasingly lower B or C segment brand products. The company’s own sales in Russia were down 39.1 per cent year-on-year during the first half of 2015.
Carcraft enters administration
On 30 of April, well known Car Supermarket Carcraft has called in the administrators. A sale process had been going on since February 2015, but no buyer could be found. Carcraft has therefore ceased trading and all 500 employees have been made redundant. Headquartered in Rochdale, Carcraft is the UK's seventh largest second hand dealership chain with an annual turnover of £120 million, 500+ employees across 10 sites nationwide. The group sells over 12,000 used vehicles per annum at an average price of £9,000 per vehicle.