Michelin Rolling Out Further UK Cost Cutting Measures
The light has yet to appear at the end of the economic downturn tunnel, and in response to market conditions Michelin in the UK is taking steps to cut costs. Measures being introduced include a pause in production of its Encore brand truck tyres between April 11 and 20, and a delay in the annual salary increases of about 600 salaried employees. Increases due in May will not take place until September.