Michelin, the renowned tire manufacturer, announced plans to shut down its two factories in France, impacting approximately 1,250 workers. This decision comes as the European automotive sector faces increasing challenges. The 135-year-old French company cited high operational costs as the reason for closing its Cholet and Vannes plants in western France.
The announcement follows warnings from the labor union of Volkswagen, Europe's largest car manufacturer, regarding potential factory closures. Stellantis, the maker of Peugeot, has also issued significant profit warnings. In addition, another major German automotive supplier, Schaeffler, revealed plans to cut 4,700 jobs.
Michelin's decision has sparked outrage among French unions. The hardline CGT union called for a strike among all Michelin employees, while the more moderate CFDT union urged management and the government to reconsider the closures and explore alternative options.
