French tire maker Michelin said on Wednesday it would cut up to 2,300 jobs over three years as part of a new simplification and competitiveness plan in France, adding this would involve neither layoffs nor plant closures.
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The job cuts equate to almost 2% of its global workforce.
“The plan is part of a broad co-construction and social dialogue approach and will rely on negotiating a three-year framework agreement that will not entail any layoffs,” the group said in a statement.
“The plan does not rely on plant closures,” it added.
Michelin said the measures would affect up to 1,100 positions in offices and 1,200 positions in plants, stressing nearly 60% of the job reductions would be based on voluntary early retirement schemes.
The company, which employs more than 127,000 worldwide, also said it remained committed to locating “high value-added businesses in France,” saying its “ambitious expansion strategy in hydrogen solutions” was an illustration of this.