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”.
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.
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.
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.
Bulgarian-based car tyre manufacturer Vidachim has reduced the scale of planned staff cuts from 314 to 150. The new plans were announced on Monday 16 March 2015 after a meeting of Energy Minister Temenuzhka Petkova with workers and senior executives of the plant. However, it is not clear how long these measures can delay further […]
JCB has announced plans to cut up to 150 jobs. The job losses have been blamed on a slowdown in orders following unrest in Russia, Ukraine and Syria. According to various local news sources, most of the jobs will be lost at the firm’s Staffordshire factories in Rocester and Cheadle.
JCB will now embark on a 45-day consultation with staff at the beginning of November. Any following job cuts are set to take place in the middle of December. The firm has not ruled out making compulsory redundancies.