French tire company Michelin will close two of its factories in France. The newspaper reported this La Tribune.
We are talking about factories employing a total of 1,254 people in the western communes of Cholet (Brittany) and Vannes (Pays de la Loire region). They will be closed by the beginning of 2026 at the latest.
“This decision was inevitable. Michelin’s vice president of engineering, Pierre-Louis Dubourdeau, said in an interview with the newspaper that these businesses have been suffering for several years from the large-scale supply of cheap products imported from Asia.
Before that, it was known that Volkswagen was concerned plans Close at least three factories in Germany and lay off their workers. Most at risk is the VW plant in Osnabrück, which recently received an additional order from Porsche. The German automaker also said it would end its job guarantee program, which has been in place since 1994 and prevents layoffs.
Previously it became clear About the “unprecedented crisis” in the European auto industry.
Source: Gazeta
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