About 860 jobs will disappear at Ballymena,with BCC warning of more UK factory closures unless government improves support for export industriesMichelin is to shut a factory in Northern Ireland with the loss of 860 jobs, heightening concerns that global competition amid a recent decline in world trade will cause a spate of factory closures. The French tyre maker told its workforce in Ballymena it was closing the plant in light of the significant downturn in demand for truck tyres in Europe since the financial crisis of 2007”. Michelin said the site would be escape down until it shuts in mid-2018. Related: Michelin shuts Northern Ireland factory; UK export gloom deepens - as it happened Related: JTI Gallaher to shut Ballymena plant with loss of 800 jobs Continue reading...
Source: theguardian.com