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 - Michelin Atmosphere during the Hungary G.P, Hungaroring Circuit, on July 29, 2005. Photo by Thierry Gromik/ABACA (Credit:Gromik Thierry/ABACA/Kyodo News Images)