Michelin Suspends Some Production in Europe
Michelin Group says it's stopping production at some of its plants in Europe in response to the challenges in Europe's logistical and transportation landscape as a result of the war in Ukraine.
The tiremaker says it's stopping production "for a few days in the coming weeks," and that "each site will decide specific duration and implementation."
Nearly half of Michelin's production capacity is based in Europe — 45% to be exact. North America is the next largest production home, holding 32% of the company's global capacity.
The company has two research and development centers and 46 production facilities across Europe, in addition to 3,000 dealerships and 67,000 employees.
Michelin says it "is doing everything possible to support affected employees and also supports local initiatives to provide humanitarian aid to refugees."
The company also "is analyzing in real time the sanctions that the international community implemented and is already complying with those in effect."
The tiremaker says it "will strive to limit the impact on service to our customers. At the same time, we will implement appropriate measures for employees, in accordance with local regulations."