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Michelin Sends €4.3 Million Back to French State in Voluntary Restitution

Recorded in the official journal, the payment matches CICE credits linked to equipment for a plant later closed, reflecting a voluntary step under a framework with no payback rule.

Overview

  • An official order dated December 19 and published December 26 confirms the state accepted a €4.3 million donation, transferred by Michelin on December 11.
  • Michelin describes the move as a voluntary reimbursement, noting the CICE scheme did not include any mechanism requiring repayment.
  • The funds had been traced by Michelin to modernize the La Roche‑sur‑Yon site, including eight machines, several of which were later moved to Spain, Italy and Poland after the closure.
  • The amount mirrors calculations highlighted by a Senate inquiry and France 2 reporting, and Bercy says the restitution was reviewed and deemed legally and budgetarily compliant.
  • A CFDT representative in Cholet welcomed the payment as a matter of principle while urging tighter rules on public aid, echoing Senate recommendations on conditionality tied to relocations.