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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
100 jobs Number of planned job losses
Announcement Date
13 September 2017
Employment effect (start)
1 February 2017
Foreseen end date
1 January 2022
Description
According to a collective agreement signed in January 2017 (called "Cap 2021") which agreed the non-replacement of a hundred retirements within five years, the tyre manufacturer Michelin has announced that it will invest about €22 million in its Vannes plant to modernise the factory and to raise its competitiveness. The site has received state of the art machinery from the former Italian factory based in Fossano that was closed in 2016. The plant manufactures metallic structures used inside tyres.
Sources
13 September 2017: Ouest-France
7 September 2017: Le Télégramme de Brest
Citation
Eurofound (2017), Michelin, Internal restructuring in France, factsheet number 91940, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91940.
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