Michelin to Close Truck Tire Plant in Poland, Shift Production to Romania

Michelin, the French tire manufacturing giant, has announced plans to shutter its truck tire production facility in Olsztyn, Poland, by the end of 2024. The closure will result in the loss of approximately 900 jobs at the Polish plant. Michelin cited the need to optimize its manufacturing footprint and improve competitiveness as the primary reasons for the decision.

The company stated that the production of truck tires currently handled by the Olsztyn plant will be shifted to its facility in Zalau , Romania. Michelin has been operating the Zalau plant since 2001, and it has become a key manufacturing hub for the company in Eastern Europe. The Romanian facility has the capacity to absorb the additional production volume from the Polish plant.

Michelin emphasized that it will work closely with local authorities, trade unions, and employee representatives to support the affected workers in Poland. The company plans to offer outplacement services and assistance in finding new employment opportunities for the impacted employees.

Why this matters: The closure of the Olsztyn plant and the shift of production to Romania highlights the ongoing restructuring efforts in the tire manufacturing industry. As companies seek to optimize costs and improve efficiency, production facilities are being consolidated and relocated to more competitive locations.

The decision to close the Polish plant comes as part of Michelin's broader strategy to adapt to the evolving market conditions and maintain its position as a leading tire manufacturer. The company has been investing in advanced manufacturing technologies and expanding its presence in key growth markets.

Florent Menegaux, CEO of Michelin, stated, that closing the Olsztyn plant was a difficult but necessary decision to maintain the long-term competitiveness of the plant's truck tire operations.

Key Takeaways

• Michelin to close truck tire plant in Olsztyn, Poland by 2024, affecting 900 jobs.
• Production to shift to Michelin's facility in Zalau, Romania, which can absorb the volume.
• Closure part of Michelin's strategy to optimize manufacturing footprint and improve competitiveness.
• Michelin to support affected workers with outplacement services and job search assistance.
• Restructuring reflects ongoing changes in the tire industry to adapt to market conditions.