The Michelin Group announced to its 858 employees its decision to cease the activities at its Bamberg site in Germany.
The Bamberg site, opened in 1971, mainly manufactures Premium 16-inch passenger car tires, a market segment that is characterized by both a sharp decline in global demand and extremely strong competition from Asian manufacturers.
Since 2013, the Michelin Group has invested €60 million to address this market development and gradually adapt the site’s production.
However, these efforts, combined with the commitment of the teams, can no longer compensate for the structural transformation of the passenger car tire market in Europe. No economically viable industrial alternative is possible in this context.
This decision comes after a consultation phase with the works council in accordance with German legislation.
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