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Michelin announces closing of truck tire plant in Budapest affecting 512 employees

Monday, 5 May 2014 08:00pm EDT 

Compagnie Generale des Etablissements Michelin SCA:Announces intention to close truck tire production plant in Budapest.Plant's production of tires sold under the Taurus, Riken and Kormoran brands to be terminated in mid-2015.Individual support measures to be offered to each of 512 concerned employees.Budapest plant's production to be mainly reallocated to company facilities in Olsztyn (Poland), Zalau (Romania), Karlsruhe and Homburg (Germany). 

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