interestrateripoff Posted June 17, 2009 Share Posted June 17, 2009 http://business.timesonline.co.uk/tol/busi...icle6518812.ece Michelin announced this morning it is to cut nearly 1,100 jobs after a collapse in global demand for tyres.The company was scheduled to meet unions today. Tyre companies in France have previously been targetted in "bossnappings", where disgruntled workers kidnap their managers. Michelin’s peers Continental, Goodyear-Dunlop and Pirelli have already cut jobs after a dramatic decline in demand for tyres, which has coincided with the collapse in new car sales. Michelin has already been through one restructuring effort in recent years, which involved factory closures. The company said it would shut down a factory in northern France. Continental has already announced the closure of a factory near Paris with the loss of 1,120 jobs, while Goodyear Dunlop made 820 workers redundant at its plant in Amiens. Michelin executives have previously been held against their will, while counterparts at Continental, which is German-owned, escaped a similar attempt by escaping through a side door during a mock execution. Michelin said that it would be able to avoid forced redundancies, with around 500 being offered early retirement and 600 finding benefitting from "internal placement opportunities". What are "internal placement opportunities"??? More green shoots coming. Tyre demand appears to have collapsed. Quote Link to comment Share on other sites More sharing options...
50%deposit Posted June 17, 2009 Share Posted June 17, 2009 maybe if they all lived in flats their overheads wouldn't be so inflated. Quote Link to comment Share on other sites More sharing options...
slurms mackenzie Posted June 17, 2009 Share Posted June 17, 2009 Already this tread has descended into punnery. Shame on you all. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted June 17, 2009 Share Posted June 17, 2009 They better tread carefully. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 17, 2009 Share Posted June 17, 2009 Tyres are very good for growing potatoes in...start with one then build up to five on top of each other, top up with soil as the shoots appear...they can pay for themselves five fold. Quote Link to comment Share on other sites More sharing options...
200p Posted June 17, 2009 Share Posted June 17, 2009 Won't the green shoots hit the skids though? Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted June 17, 2009 Share Posted June 17, 2009 Won't the green shoots hit the skids though? Not if its a goodyear. Quote Link to comment Share on other sites More sharing options...
Cogs Posted June 17, 2009 Share Posted June 17, 2009 They must be under a lot of pressure. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted June 17, 2009 Share Posted June 17, 2009 maybe if they all lived in flats their overheads wouldn't be so inflated. 1000 jobs is just a minor blow out. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted June 17, 2009 Share Posted June 17, 2009 HOw many 30 seconds worth is that? half an hours worth? Quote Link to comment Share on other sites More sharing options...
'Bart' Posted June 17, 2009 Share Posted June 17, 2009 Tyre demand deflates as the wheels come off the economy. Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted June 17, 2009 Share Posted June 17, 2009 What are "internal placement opportunities"??? Bodyguards for senior managers? Quote Link to comment Share on other sites More sharing options...
'Bart' Posted June 17, 2009 Share Posted June 17, 2009 Is this a deflationary indicator? Quote Link to comment Share on other sites More sharing options...
Guest redwine Posted June 17, 2009 Share Posted June 17, 2009 Michelin made 357 million euros profit in 2008 the french state gave them 4 million euros "aid" as for over a 1000 workers being relocated i don't believe a word but this isn't going to happen until 2010 Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted June 17, 2009 Share Posted June 17, 2009 Those let go may end up on skid row. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted June 17, 2009 Share Posted June 17, 2009 Quote Link to comment Share on other sites More sharing options...
Cogs Posted June 17, 2009 Share Posted June 17, 2009 You can see why sales have dried up. I can see six spare tires in that picture alone. Quote Link to comment Share on other sites More sharing options...
juvenal Posted June 17, 2009 Share Posted June 17, 2009 People not replacing tyres. Takes me back to the old days; tyres as bald as an egg; canvas showing through the tyre walls on all four wheels; the odd pink bubble of inner tube peeping through; long strips of casing hanging off. If you collided with a pedestrian he was whipped to death before he hit the tarmac.... Real motoring... Quote Link to comment Share on other sites More sharing options...
50%deposit Posted June 17, 2009 Share Posted June 17, 2009 i think the lack in demand is from the reduction in cars made. i just brought a new set at the beginning of the year. made me feel really posh. yeah, i dont spend money easily. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 17, 2009 Author Share Posted June 17, 2009 i think the lack in demand is from the reduction in cars made.i just brought a new set at the beginning of the year. made me feel really posh. yeah, i dont spend money easily. It just shows how many cars where being bought on easy credit. Just how much over capacity is there in the global economy. Quote Link to comment Share on other sites More sharing options...
the primitive Posted June 17, 2009 Share Posted June 17, 2009 Is this a deflationary indicator? They should get a grip, then they might be able to turn the corner Quote Link to comment Share on other sites More sharing options...
winkie Posted June 17, 2009 Share Posted June 17, 2009 They should get a grip, then they might be able to turn the corner That will require a drastic remould. Quote Link to comment Share on other sites More sharing options...
HenryWeston Posted June 17, 2009 Share Posted June 17, 2009 People not replacing tyres. Takes me back to the old days; tyres as bald as an egg; canvas showing through the tyre walls on all four wheels; the odd pink bubble of inner tube peeping through; long strips of casing hanging off. If you collided with a pedestrian he was whipped to death before he hit the tarmac.... Real motoring... Its easier to get away with driving with bald tyres these days as its one thing the tax disc / mot / insurance checking cameras cant check, not like the old days when you used to get pulled over by a real copper. Quote Link to comment Share on other sites More sharing options...
Guest redwine Posted June 17, 2009 Share Posted June 17, 2009 tyre makers such as Michelin Goodyear and company are facing more competition from cheap tyre makers selling them on internet you buy them and they deliver them to a garage in your area that will put them on for you for a small fee they tend to be unknown brands but they are cheap people do not want to pay Michelins high prices anymore Quote Link to comment Share on other sites More sharing options...
the primitive Posted June 17, 2009 Share Posted June 17, 2009 That will require a drastic remould. It's all hands to the pump Quote Link to comment Share on other sites More sharing options...
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