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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Illustration - Michelin Plant in Vannes - France

The Michelin plant in Vannes (56). The Michelin Group has announced the closure of its Vannes and Cholet plants by early 2026 at the latest. The Vannes plant employs 299 people who mainly produce metal reinforcements for the Group's factories in Europe, on November 17, 2024. Photo by Matarezo/ANDBZ/ABACAPRESS.COM

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Michelin Rolls Out Its Own Global Living Wage

File photo dated September 16, 2016 shows Michelin campus in Cebazat, near Clermont-Ferrand, France. 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 Soudan E./ANDBZ/ABACAPRESS.COM

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Michelin Rolls Out Its Own Global Living Wage

Undated file photo shows MIchelin logo at his headquarters in Clermont-Ferrand, France. 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 Lafabregue/ANDBZ/ABACAPRESS.COM

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Michelin Rolls Out Its Own Global Living Wage

Undated file photo of Michelin logo at Michelin museum in Clermont-Ferrand, France. 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 Lafabregue/ANDBZ/ABACAPRESS.COM

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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)

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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)

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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)