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Foremost Tyre manufacturer, Michelin has concluded plans to close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin.
Two weeks ago, the French company announced the closure of a factory in Germany with 858 employees by 2021, and last year said it would shutter a plant with 845 employees in Scotland.
Regarding the closure of its plant at La Roche-sur-Yon in western France, Michelin promised a “support plan” for affected employees, and said it would offer every one a chance to remain in the company in France.
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