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Workers Trade Time for Investment at Michelin Germany

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Michelin has agreed to invest 250 million euros in its German factories by 2012 in exchange for its 5,600 staff extending their working week by an extra 75 minutes without any extra pay. This decision follows an agreement with the mining, chemical and energy industry trade union IG BCE.

The company’s four facilities – Karlsruhe, Homburg/Saar, Bad Kreuznach, Trier and Hallstadt – manufacture a total of 17 million tyres a year.

Related news:

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  2. Michelin: Tyre Markets Recovered in April
  3. Michelin’s Bad Kreuznach Plant Reaches the Quarter-Billion Mark
  4. Michelin Says Truck Tyre Sales Won’t Improve Before 4Q
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