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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
20,000 jobs Number of planned job losses
Announcement Date
10 January 2007
Employment effect (start)
1 June 2007
Foreseen end date
Description
Michelin manufactures and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of digital services in more than 170 countries. It has 71 production sites in 19 countries and over 129,000 employees in the whole world.
At the beginning of January 2007, the company announced a reorganisation plan that envisages new investments in Eastern European countries and the reorganisation of industrial activities in the other areas of the world, with the dismissal of around 20,000 employees. In particular, the plan provides for a reduction of production in the industrial sites located in Western European countries, with the loss of around 10,000 jobs.
Sources
19 January 2007: La Stampa
Citation
Eurofound (2007), Michelin, Internal restructuring in World, factsheet number 64837, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64837.
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