Michelin plans to cut 1,500 jobs in France to reduce costs.

```htmlGelonghui May 29th｜French tire manufacturer Michelin announced that, in light of the impact caused by the situation in Iran, the company is considering a plan to cut up to 1,500 jobs over the next three years to reduce costs. Of the 1,500 affected positions, two-thirds come from logistics functions and one-third from industrial departments. The layoffs will be voluntary, and the company will offer job transition and training opportunities to help employees move into new roles. Michelin added that the company has nearly 17,000 employees in France and plans to continue hiring locally.```