CLEAN: French tyre maker Michelin sheds 1,093 jobs

Michelin announces its strategy to combat competition in France by modernizing its R&D centers in Clermont-Ferrand and investing over 100 million euros. The company plans to specialize certain industrial sites and consolidate similar activities, affecting 1093 employees. Michelin aims to avoid layoffs by offering early retirement options and a voluntary plan to relocate employees within France. Additionally, Michelin invests in its Lille-des-Bravanches R&D center.

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