Michelin (MGDDF.PK) cut 700 jobs at a factory in France in response to the slump in the European...

|About: Michelin Cie Des EstbB (MGDDF)|By:, SA News Editor

Michelin (MGDDF.PK) cut 700 jobs at a factory in France in response to the slump in the European automobile market. The company also launched a plan to spend €800M ($1.1B) to boost exports and improves its market position.