Michelin closing Trier, Germany plant by year’s end – sizeable severance payouts

We learned late last year that three Michelin plants in Germany will partially or fully close by the end of 2025, a measure affecting around 1,500 employees at the Homburg, Karlsruhe and Trier facilities. The tyre maker now intends to end operations in Trier earlier than originally indicated; Michelin is giving workers the choice between substantial severance payments, a well-paid transition to retirement or employment elsewhere via move into a ‘transfer company’.