Michelin Spain unit seeks 1,300 job cuts by 2005

Newswire

MADRID, Jan 31 (Reuters) - The Spanish unit of tyre-maker Michelin has proposed a reduction of 1,300 workers by 2005, a spokesman for the firm said on Friday in what he called a bid to increase the competitiveness of its plants. "The plan is to reduce the workforce by around 400 staff per year," the spokesman said, confirming local press reports. Michelin employs about 9,400 people in Spain at four plants. "We hope to reach an agreement (with trades unions) in the next four or five ...

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