(RTTNews) – Michelin (MGDDY. PK, MGDDF. PK) has announced that it will stop production at its plants in Karlsruhe and Trier, as well as the manufacture of new tyres and semi-finished products in Homburg. Customer service center from Karlsruhe to Poland.
Michelin stated that a total of 1,532 employees are impacted by these operations, which are meant to be completed by the end of 2025. The company will record a provision of approximately 425 million euros in consolidated financial results for the year 2023.