Michelin cutting 2000 jobs
GREENVILLE, S.C. (Sept. 11, 2001) — Citing a downturn in the commercial and passenger tire markets and an upswing in raw materials costs, Michelin North America said it will cut 2000 jobs over the next year in hopes of reducing annual operating costs by $200 million.
The cuts represent 7% of Michelin’s workforce. All areas of the company will be affected, and most of the cuts will occur through normal attrition and voluntary severance programs, the company said.
“We need to position ourselves for the future and cannot wait for the markets to improve,” said Jim Micali, Michelin North America’s chairman and president. “We must get leaner and increase the focus on our core business so when the markets do improve, Michelin can take advantage of every opportunity.”
Other tire manufacturers have announced similar job cuts.
Michelin operates 23 tire plants in South Carolina, Alabama, Oklahoma, and Nova Scotia.
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