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Michelin Offering Early Retirement in France

June 18, 2009
Related Topics: Managing Change, Downsizing, Labor Relations, Latest News
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Group Michelin is hoping to entice up to 1,800 workers in France to take early retirement, while at the same time stating it expects to hire up to 500 new workers a year the next three years.

Michelin is offering a package of early-retirement benefits to all of its employees in France, although the initiative is aimed primarily at those within five years of retirement, a Michelin spokeswoman said. The initiative is in addition to an offer tied to a restructuring of the firm’s manufacturing and research and development activities.

The aim of the early-retirement plan is to create vacant positions that can be filled by some of the 500 new hires Michelin expects to make each of the next three years.

The company also expects the initiative to rebalance the age profile of its workforce.

Michelin employs more than 30,000 people in France at 14 tire plants and other R&D, supply and logistics operations.

Filed by European Rubber Journal , a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

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