Spain: Michelin signs job cut agreement providing for 380 early retirements

entral works council and management signed an employment regulation program (ERE) which will be implemented on January 1, 2010 and which will end in 380 early retirements. They also announced the extension until June 2010 of the agreement supervising working time reduction to face the drop in production. (Ref. 091093)

Michelin’s unions and management are still looking for solutions to face the drop in production in the least possible “traumatizing” fashion. The measures contained in the “except