Regarding the closure of its plant at La Roche-sur-Yon in western France, Michelin promised a "support plan" for affected employees, and said it would offer every one a chance to remain in the company in France. Michelin said 74 people who work at a factory in nearby Maine-et-Loiret, manufacturing rubber for the site in La Roche-sur-Yon, will also be affected. Its CEO Florent Menegaux said last month that a 70-million-euro ($77-million) investment had been unable to save the site at La Roche-sur-Yon. He blamed "difficulties in the market for high-end heavy-duty tyres both in Europe and abroad", coupled with "increased competition". By the end of last year, Michelin employed about 110,000 people in different countries, including 20,000 in France.

Source: The Local October 10, 2019 09:00 UTC