Michelin Plans To Cut 530 Jobs

Michelin Plans To Cut 530 Jobs

Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - Coronavirus crisis - Major retailers and manufacturers suspend production - File - Illustration of French tyre brand, Michelin, in Marseille, France on March 18, 2005. Photo by Gerald Holubowicz/ABACA. (Credit:Holubowicz Gerald/ABACA/Kyodo News Images)

  • Product Code
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    Michelin Rolls Out Its Own Global Living Wage

    Michelin Rolls Out Its Own Global Living Wage

    File photo dated March 18, 2005 shows Michelin logo in Marseille, France on March 18, 2005. After realizing that the minimum wage in its home country left some workers at breaking point, French tire-maker Michelin has taken matters into its own hands to give employees a hefty pay raise. Michelin is rolling out its own living wage to its 132,000 employees, the company said in a press release shared with Fortune and first reported by French publication Le Figaro. The 134-year-old group, which makes heavy-duty tires for construction and freight-handling companies, has set living wages for employees based on their location to correlate with living costs. The calculation for the living wage was also made based on what employees needed to provide for their family’s “essential needs.” Photo by Gerald Holubowicz/ABACAPRESS.COM
      Michelin Rolls Out Its Own Global Living Wage

      Michelin Rolls Out Its Own Global Living Wage

      File photo dated March 18, 2005 shows Michelin logo in Marseille, France on March 18, 2005. After realizing that the minimum wage in its home country left some workers at breaking point, French tire-maker Michelin has taken matters into its own hands to give employees a hefty pay raise. Michelin is rolling out its own living wage to its 132,000 employees, the company said in a press release shared with Fortune and first reported by French publication Le Figaro. The 134-year-old group, which makes heavy-duty tires for construction and freight-handling companies, has set living wages for employees based on their location to correlate with living costs. The calculation for the living wage was also made based on what employees needed to provide for their family’s “essential needs.” Photo by Gerald Holubowicz/ABACAPRESS.COM
        Michelin Plans To Cut 530 Jobs

        Michelin Plans To Cut 530 Jobs

        Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - Atmosphere at Michelin, on the first press day of Paris Motor Show 2012, known as 'Mondial de l'Automobile' in Paris, France on September 27, 2012. Photo by Ammar Abd Rabbo/ABACAPRESS.COM (Credit:Abd Rabbo Ammar/ABACA/Kyodo News Images)
          Michelin Plans To Cut 530 Jobs

          Michelin Plans To Cut 530 Jobs

          Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - A shop sign of MICHELIN, on May 04, 2020 in Boulogne-Billancourt, France.Photo by David NIVIERE/ABACAPRESS.COM (Credit:Niviere David/ABACAPRESS.COM/Kyodo News Images)
            Alstom To Cut 1500 Jobs

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            File photo dated April 28, 2014 shows French engineering group Alstom's headquarters in Levallois-Perret, near Paris, France. On Wednesday, November 15, the Group announced a net income of just € 1 million for the first half of its new financial year (April 2023 to March 2024). Management has announced two major changes. First, at the close of the Annual General Meeting in July 2024, former Safran CEO Philippe Petitcolin will become Chairman and current CEO Henri Poupart-Lafarge will become Managing Director. The second change is a cost-cutting strategy to turn around the balance sheet that will see the elimination of 1,500 full-time equivalent jobs "or 10 % of sales and administrative functions." Photo by Thierry Orban/ABACAPRESS.COM
              Alstom To Cut 1500 Jobs

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              File photo dated April 28, 2014 shows French engineering group Alstom's headquarters in Levallois-Perret, near Paris, France. On Wednesday, November 15, the Group announced a net income of just € 1 million for the first half of its new financial year (April 2023 to March 2024). Management has announced two major changes. First, at the close of the Annual General Meeting in July 2024, former Safran CEO Philippe Petitcolin will become Chairman and current CEO Henri Poupart-Lafarge will become Managing Director. The second change is a cost-cutting strategy to turn around the balance sheet that will see the elimination of 1,500 full-time equivalent jobs "or 10 % of sales and administrative functions." Photo by Thierry Orban/ABACAPRESS.COM
                Michelin Plans To Cut 530 Jobs

                Michelin Plans To Cut 530 Jobs

                Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - Coronavirus crisis - Major retailers and manufacturers suspend production - File - Le musee Michelin, musee de L'Aventure Michelin a Clermont Ferrand, France. Vue interieure avec Bibendum, le bonhomme Michelin, logo de la marque. Photo by Lafabregue/ANDBZ/ABACAPRESS.COM (Credit:ANDBZ/ABACA/Kyodo News Images)
                  Michelin Plans To Cut 530 Jobs

                  Michelin Plans To Cut 530 Jobs

                  Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - Coronavirus crisis - Major retailers and manufacturers suspend production - File - Le groupe Michelin a annoncé son intention de fermer son usine de La Roche-sur-Yon, qui emploie plus de 600 personnes, avant la fin 2020. La Roche sur Yon (85), Usine Michelin., Jeune ouvrier avec tee-shirt Michelin (logo) au travail sur un pneu (undated) Photo by Bigot/ANDBZ/ABACAPRESS.COM (Credit:ANDBZ/ABACA/Kyodo News Images)
                    Michelin Plans To Cut 530 Jobs

                    Michelin Plans To Cut 530 Jobs

                    Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - Atmosphere before the Brazilian Formula 1 Grand Prix, in Sao Paulo, Brazil on October 19, 2006. Photo by Christophe Guibbaud/Cameleon/ABACAPRESS.COM (Credit:Guibbaud Christophe/ABACA/Kyodo News Images)
                      Michelin Plans To Cut 530 Jobs

                      Michelin Plans To Cut 530 Jobs

                      Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, calls for 2,300 job cuts from 17,000 employees in France over three years, with no forced departures ---- File - French tyre manufacturer Michelin's stand at the Mondial de l'Automobile held in Paris, France from September 25 to October 10, 2004. Photo by Valerian Wagner/ABACA. (Credit:Wagner Valerian/ABACA/Kyodo News Images)