Michelin Restructuring in US?
Michelin North America (MNA) says it will indefinitely layoff some 390 to 520 union workers at its 43-year-old Opelika, Alabama, tyre plant. The layoffs, said the company, are the result of a 30 per cent to 40 per cent production cutback at the plant which came about in response to the tough environment faced in the North American mass market segment.