FRANCE: Michelin has drawn up a programme to improve the performance of its manufacturing and corporate administrative operations in France, the group announced 6 an. To be based on a three-year framework agreement with unions, the plan would enhance Michelin's position in premium and speciality tire markets and see it develop into new business areas-while avoiding layoffs or plant closures. According to Michelin, the strategic initiative is in response to structural shifts in the global tire market, which have led to a "massive influx" of low-cost tires in the market over the last 10 years.
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