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Michelin reportedly to cut jobs

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Michelin reportedly to cut jobs

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French newspapers are reporting that Michelin is to cut between 1,000 and 1,500 hundred jobs in France.

The tyre maker itself would not comment on the reports except to say they are inaccurate. Michelin is planning cutbacks in response to a collapse in global demand for tyres. A company spokeswoman said more details would be made public after a meeting with trade unions later this week.