Michelin to Close Cholet and Vannes Plants, Cutting 1,254 Jobs

The tire manufacturer cites declining demand and competitive pressures as reasons for the closures in France by 2026.

Michelin plans to halt production at its Cholet and Vannes plants, affecting 1,254 employees, with closures expected by early 2026.
The decision stems from a significant drop in demand for light truck and heavy vehicle tires, compounded by Asian competition and high production costs.
The company assures comprehensive support for affected workers, including potential internal transfers, external job placements, and pre-retirement options.
Michelin pledges to collaborate with local authorities to revitalize the impacted regions, aiming to create as many jobs as are being lost.
This move is part of a broader trend of factory closures by Michelin in France, with six sites shut down over the past two decades due to market challenges.