Nov 5, 2018

Tyremaker Michelin to close Dundee plant

Michelin, the French tyremaker, has announced plans to close its factory in Dundee with the loss of 845 jobs, blaming low-cost Asian competition and structural decline in demand for the small tyres produced there. Michelin said that despite investment of £70m in the Dundee plant in recent years, it had faced serious difficulties because of changes in the car market that cut demand for premium tyres of the 16-inch and smaller size it manufactures. "The accelerated market transformation has made the [Dundee] plant unsuitable and its conversion is not financially viable," Michelin said in a statement. The Unite trade union said closure of the plant would be a "Hammer-blow" for Dundee. The Press Association quoted John Reid, manager of the Dundee factory, as saying the decision to close it had "Nothing to do" with the UK's impending departure from the EU..

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