Continental CEO Confident About Parts Spinoff Timing
(Bloomberg) — Preparations to spin off Continental AG’s car parts business are on…
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4 days ago
French group Michelin will relocate some 60 workplaces from its flagship factory located at Stoke-on-Trent in the United Kingdom to Eastern Europe, of which 22 to Romania (Bucharest) by the end of next year, and 39 to Poland (Warsaw) until September 2025, according to Profit.ro.
In an increasingly competitive labor market, the lower labor productivity invoked by foreign investors for paying lower wages in Eastern Europe was not an obstacle for Michelin – which closed three factories in Germany due to a “lack of competitiveness.” …
Source: MSN
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