Related News
French tire maker to cut jobs
By Jean-Marie Godard |
June 18, 2009, Thursday
|
Print Edition
Print Edition
Faced with plummeting demand, French tire maker Michelin SA announced a plan yesterday to cut 1,093 jobs over a three year period, starting in 2010.
The company said the cuts will be made on the basis of voluntary departures and that no workers will be laid off.
French media reports earlier this week had said Michelin would fire 1,500 workers.
Michelin said in a statement that 495 of the workers would leave as a result of retirement. Another 598 workers are to be offered some kind of position elsewhere in the company but different from their current job, a procedure known in France as "reclassification."
Michelin, which is based in the central French city of Clermont-Ferrand, has been caught in the economic turmoil that has hit the auto industry particularly hard.
In the statement, Michelin justified the measures that it said were due to "an extremely competitive context, aggravated by the current crisis."
Demand for tires is down globally as a result of the economic crisis, and Michelin already has laid off workers temporarily this year from another plant.
Michelin said in April that its sales fell 14.2 percent to 3.5 billion euros (US$4.5 billion) in the first quarter as demand for tires slumped in all the company's markets other than China. Measured in volume, sales plunged 24.4 percent during the first three months of the year.
The company said the cuts will be made on the basis of voluntary departures and that no workers will be laid off.
French media reports earlier this week had said Michelin would fire 1,500 workers.
Michelin said in a statement that 495 of the workers would leave as a result of retirement. Another 598 workers are to be offered some kind of position elsewhere in the company but different from their current job, a procedure known in France as "reclassification."
Michelin, which is based in the central French city of Clermont-Ferrand, has been caught in the economic turmoil that has hit the auto industry particularly hard.
In the statement, Michelin justified the measures that it said were due to "an extremely competitive context, aggravated by the current crisis."
Demand for tires is down globally as a result of the economic crisis, and Michelin already has laid off workers temporarily this year from another plant.
Michelin said in April that its sales fell 14.2 percent to 3.5 billion euros (US$4.5 billion) in the first quarter as demand for tires slumped in all the company's markets other than China. Measured in volume, sales plunged 24.4 percent during the first three months of the year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
