Michelin North America announced today a restructuring plan for its
manufacturing operations in response to the unprecedented drop in market demand.
The company will close its BFGoodrich Tire Manufacturing plant in Opelika, Ala.
by Oct. 31, 2009.
The BFGoodrich Tire Manufacturing facility in Opelika, Ala. produces
BFGoodrich and Uniroyal brand passenger car tires. It currently employs
approximately 1,000 wage and salaried workers. Michelin will consolidate
production at the BFGoodrich Tire Manufacturing facilities in Tuscaloosa, Ala.
and Ft. Wayne, Ind.
When the recession is all over the capacities of all of the OEM and supplier companies will be better aligned with reality. I assume they all will make more money, but I don't expect to see much of an uptick in employee pay.
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