Michelin warns of job cuts at UK plant amid cheap tires’ influx

Dundee, Scotland – French tire maker Michelin has warned of potential job cuts at its tire production plant in Dundee amid “extremely challenging trading conditions”.

In a 10-Sept statement, Michelin said it expected the plant’s output to fall “significantly below capacity” from 6.2 million units in 2017 to a maximum of 5.4 million per year over the next three years.

The company has cited an “influx of cheap tires from Asia and falling demand for smaller premium tires” for the decline in output.

Michelin said it was working…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with