Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Frenche tyre maker Michelin announced to close three German sites as well as relocate the customer contact centre from Germany to Poland. In Germany, 1,532 employees are affected by the changes.
The production sites in Trier, Homburg and Karlsruhe will be closed step by step. The plant in Trier is to be shut down fully by the end of 2024 and the plant in Karlsruhe by the end of 2025. The French manufacturer produces truck tyres at both sites.
According to the company, the closures are necessary as Michelin suffered from a loss in market shares, high inflation and rising production costs in Germany. Overcapacities reduced competitiveness and prompted the firm to restructure its business. Apart from the closures in Germany, Michelin has also recently made employees in Spain redundant Michelin-2023-ES.
When it comes to the German job losses, the company announced to help affected employees individually when it came to their occupational future. The company is currently holding talks with the works council as well as with the chemical union IGBCE on suitable redundancy measures and possible alternatives.
Eurofound (2023), Michelin, Offshoring/Delocalisation in Germany, factsheet number 200590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200590.