Michelin Closing Another 2 Plants In Europe

Michelin Closing Another 2 Plants In Europe

File photo dated March 18, 2005 shows Michelin logo in Marseille, France. Michelin is to close its Cholet and Vannes plants in France by early 2026 at the latest. The company announced this planned measure to the two facilities’ 1,254 employees this morning. When added to the approximately 1,500 employees at three locations in Germany, where operations will cease by the end of 2025, Michelin has announced some 2,750 job cuts within Europe in the past year. Photo by Gerald Holubowicz/ABACAPRESS.COM

Michelin Closing Another 2 Plants In Europe

Michelin Closing Another 2 Plants In Europe

File photo dated March 18, 2005 shows Michelin logo in Marseille, France. Michelin is to close its Cholet and Vannes plants in France by early 2026 at the latest. The company announced this planned measure to the two facilities’ 1,254 employees this morning. When added to the approximately 1,500 employees at three locations in Germany, where operations will cease by the end of 2025, Michelin has announced some 2,750 job cuts within Europe in the past year. Photo by Gerald Holubowicz/ABACAPRESS.COM

Michelin Closing Another 2 Plants In Europe

Michelin Closing Another 2 Plants In Europe

File photo dated March 18, 2005 shows Michelin logo in Marseille, France. Michelin is to close its Cholet and Vannes plants in France by early 2026 at the latest. The company announced this planned measure to the two facilities’ 1,254 employees this morning. When added to the approximately 1,500 employees at three locations in Germany, where operations will cease by the end of 2025, Michelin has announced some 2,750 job cuts within Europe in the past year. 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 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 - 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)