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Michelin to close plant in Dundee, Scotland

Michelin to close plant in Dundee, Scotland

French tyremaker Michelin is closing its factory in Dundee, in eastern Scotland, with the loss of about 850 jobs. The company is planning to leave the city by 2020, BBC has reported. The company has been running the Dundee site since 1971.

“The company said the factory was “unsuitable” given current market conditions and it would not be financially viable to invest further. Workers were informed of the decision during a short meeting at the plant recently. Michelin said the Dundee site, which opened in 1971 and specialised in smaller tyres, has suffered because of a shift in the market towards low-cost products from Asia,” the BBC report said.

Scottish government Economy Secretary Derek Mackay will visit Dundee later, the report further said.

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