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
100 jobs Number of planned job creations
Announcement Date
14 December 2016
Employment effect (start)
1 January 2017
Foreseen end date
31 December 2017
Description
French tyre manufacturer Michelin has announced the creation of 100 jobs in its plant in Cholet (Maine-et-Loire) in 2017 as over 100 people will retire over the next two years and to make face to the increasing production of the plant. The management expect to increase the production from €4.30 million / €4.60 million tyres in 2016 to 6 million. About 200 employees were already hired in 2016. The group will invest €13 million to modernise the production line in 2017, after €26 million of investmennt the last two years. The company has expanded several times within in France over the previous few years, in 2010, 2011, 2013 and recently in May 2016 in its site of La Roche-sur-Yon (Vendée), but also had job cuts occurrences in 2009 and 2013. Michelin has recently announced a plan to restructure one of its sites in Clermont-Ferrand, with a site closure by the end 2017 and a reorganisation of its engineering department by 2018.
Sources
14 December 2016: Ouest Fance
Citation
Eurofound (2016), Michelin, Business expansion in France, factsheet number 89688, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89688.
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