France says Japanese tyremaker Bridgestone to shut Bethune plant
[PARIS] Japanese tyremaker Bridgestone has decided to "close the door" on its Bethune plant in northern France, Junior Economy Minister Agnes Pannier-Runacher said on Thursday.
Bridgestone said in September it wanted to close the factory in the face of low demand for its main product, low-profile tyres.
The government will, however, fight to ensure it remains an industrial site and will work on possible new offers for the site, Ms Pannier-Runacher said after meeting Bridgestone and plant representatives in Bethune.
"Bridgestone leaves the Bethune site. We'll be there alongside the employees to find the best possible solutions", Ms Pannier-Runacher told reporters, adding that the tyremaker did not want to invest in the plant due to overcapacity.
With 863 employees, the factory has a daily production capacity of about 17,000 tyres.
REUTERS
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue