Michelin cuts 1,093 jobs in voluntary scheme

PARIS (AP) - Tiremaker Michelin has announced that it will cut 1,093 jobs over a three-year period, starting in 2010.

The company says the cuts will be made on the basis of voluntary departures and that no workers will be laid off.

Michelin said yesterday that 495 of the workers will leave as a result of retirement. Another 598 workers are to be offered some kind of position elsewhere in the company but different from their current job, a procedure known in France as "reclassification."

At the same time, Michelin also said it planned to hire about 500 new employees each year for the next three years to renew its workforce.

Michelin furloughed workers at its plant in Ardmore, Okla., late last year before bringing them back earlier this year.

No word on if the Ardmore plant will be affected by the cuts.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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