Michelin plans to reduce work force in France through attrition
Groupe Michelin plans to cut close to 3,000 jobs in France over the next three years, all through attrition.
"There are no layoffs whatsoever," said a Michelin spokeswomen. The company estimates 6,000 French workers will retire or voluntarily leave in 2004, 2005 and 2006. In order to improve productivity, Michelin will replace about half of them.
The plan will be presented to Michelin's "work council" on June 16.
Michelin employed 24,400 workers in France entering 2004, roughly 16% of its worldwide work force.