PARIS (May 7, 2009)—Michelin has said its synthetic rubber factory in Bassens, France, will be closed for about three weeks from the end of April as a result of lack of demand for its products.
Michelin said up to 320 employees will be encouraged to take their annual leave during the shut-down, which is expected to last until the second half of May, according to a Michelin spokeswoman. Local press said it is scheduled to reopen May 18. She said this is the easiest way to ensure workers are employed on full wages, even during a temporary adjustment of output.
The unit makes neodymium-catalyzed BR used to make low-rolling resistance tires and employs about 370 people. It has nominal capacity for 75,000 metric tons per year, according to statistics published by the IISRP.