Michelin to Cut Up to 1,500 French Jobs to Lower Costs
Michelin plans to cut 1,500 French jobs over three years to offset costs from the Iran war. The voluntary reductions focus on support and industrial functions.
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Michelin is planning to cut up to 1,500 jobs in France over three years to reduce operating costs. The reduction targets approximately 9% of its 17,000-person French workforce as the manufacturer faces €400 million in additional costs tied to geopolitical pressures. The company aims to optimize its cost structure while continuing to hire in France and protect its 2026 financial targets.
