PARIS ― Michelin will pause production of some specialty tires at its French factories as demand falls, the company said on Tuesday.
A plant in northeast France making tires for farm equipment and another one in the center of the country supplying civil engineering vehicles will close for about three weeks before the end of the year, the company said, confirming a Le Parisien newspaper report.
The slowing activity is linked to an “overall softening of the world economy, especially in the automobile industry where manufacturers’ sales are down 20 to 25 percent,” Chief Executive Florent Menegaux told the Parisien.
“Obviously, that impacts us, and we are forced to adapt,” Menegaux said.
The group, which employs 132,300 people, announced a series of voluntary job cuts in 2021.
Over the past year, it has also closed a factory in western France and another in southern Germany.
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