WARSAW, Poland (June 5)—Groupe Michelin´s Stomil Olsztyn S.A. subsidiary will change its name to Michelin Polska S.A. if new reorganization proposals are agreed to at a Stomil Olsztyn shareholders meeting June 28. The move will make it easier for customers to do business with the firm and decrease costs significantly by streamlining all the activities and eliminating duplication in areas such as accounts, a Michelin spokesperson said. Earlier, Michelin announced a restructuring at Stomil Olsztyn that called for the elimination of 120 jobs along with the reassignment of 230 others to seasonal or temporary status. Michelin owns 54 percent of Stomil Olsztyn.
Michelin seeks to reorganize Polish subsidiary
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