Michelin’s Italian cutbacks to cost €80 million

ERJ staff report (DS)

Paris — Michelin has said its restructuring efforts in Italy will cost about Euro 80 million. On October 28, 2008 Michelin presented a plan intended to make its operations in Italy, “more competitive.”

At the time, the company said tyre production will end at its tyre plant at Stura by the end of next year (2009). The unit will continue to manufacture semi-finished products and operate its logistics center, following the transfer of the Vercelli warehouse. Michelin said it would implement a…

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