The Michelin company is one of the most famous manufacturers of high-performance car tires, which in recent years has been struggling against cheap competition. This caused the shutdown of production in two factories in France from November 2024.

Increased competition on the European tire market, inflation and energy costs made the situation even more difficult, so some factories produced more tires than they sold. Despite the great commitment of the teams and the efforts of the Group, the viability of the two mentioned factories could not be preserved. Therefore, Michelin made the decision to stop production at both plants until November 11.

Michelin plans to completely close the factories in 2026, and until then the union and management will have time to propose collective and individual talks with employees. In these two factories, Cholet and Vannes, Michelin has 1,254 employees.

Source: Michelin