Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Senegalese photographer's flashbacks to Africans throughout history

Read more

MEDIAWATCH

Hollande photographed with Julie Gayet on Elysée Palace balcony

Read more

REVISITED

Is Beirut still haunted by ghosts of the civil war?

Read more

THE WORLD THIS WEEK

Band Aid 30 - Hit or Miss? Bob Geldof in Hot Water over Ebola Single

Read more

THE WORLD THIS WEEK

Deal or No Deal with Iran? Home Stretch to Reach Historic Agreement

Read more

FRANCE IN FOCUS

Football scandals: The ugly side of the beautiful game

Read more

#THE 51%

Ending violence against women: The dangers of trial by Twitter

Read more

#TECH 24

Tech giants under scrutiny: The problem with Uber

Read more

FOCUS

Inside an Iranian nuclear research reactor

Read more

Business

Michelin to shed 1,000 jobs in the US

Latest update : 2009-04-14

The US subsidiary of French tyre manufacturer Michelin has said it will shut a factory in Alabama by October 31, leaving 1,000 employees without a job. Production will be transferred to two other sites in the United States.

AFP - The US subsidiary of French tire maker Michelin said Monday it will shut a US plant in Alabama, where it employs 1,000 people, due to an "unprecedented" slump in demand.

Michelin North America said the closure of the plant in Opelika, Alabama, by October 31 was part of a restructuring plan for its manufacturing operations "in response to the unprecedented drop in market demand."

"The decision comes in the wake of the continuing economic crisis as consumers are driving fewer miles, purchasing fewer vehicles and delaying tire replacement purchases," the company said in a statement.

The Opelika plant produces passenger car tires under brands BFGoodrich and Uniroyal.

The company said it would provide separation pay and other benefits to the laid-off workers.

Michelin, like many other auto equipment suppliers, is reeling from an auto sales plunge amid prolonged recession that has pushed automakers General Motors and Chrysler into government aid to prevent their collapse.

Date created : 2009-04-14

COMMENT(S)