DECRYPTION – The closure of two Michelin factories in France extends the long list of social plans in the automobile industry in France and Germany. Europe is downgraded compared to the United States and Asia.
Black day for employment in France. On Tuesday, Michelin management announced the closure of two factories, in Cholet (Maine-et-Loire) and Vannes (Morbihan), which employ a total of 1,254 people. At the same time, the distributor Auchan announced the elimination of 2,389 jobs. These announcements « are obviously of great concern »declared the Minister of the Economy, Antoine Armand. In the National Assembly, Michel Barnier reacted more strongly. « Disagree » with Michelin's decision, the Prime Minister said he wanted to know what the automotive supplier and Auchan have « made of public money that was given to them ».
For the French automobile industry, the announcement from Michelin, one of its flagships, is another bolt from the blue. It adds to a dark series of factory closures and XXL social plans in the country. This summer, the equipment manufacturer Valeo announced its intention to close three sites…
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