Michelin Looking to Trim Costs

April 30, 2001
Michelin North America has announced it is proposing a cost-reduction plan that would cut annual operating costs by $125 million. Senior executives outlined the objectives, which they said would be detailed in an action plan to be released in July. “The automotive and trucking industries have had some good years recently and we have shared in the success,” said Jim Micali, president of Greenville,

Michelin North America has announced it is proposing a cost-reduction plan that would cut annual operating costs by $125 million. Senior executives outlined the objectives, which they said would be detailed in an action plan to be released in July.

“The automotive and trucking industries have had some good years recently and we have shared in the success,” said Jim Micali, president of Greenville, SC-based Michelin North America. “But we also know that our cost structure needs to be improved so we can weather difficult market conditions and prosper during good times.”

The company said it wants to avoid speculation prior to the finalization of the action plan but said it appears likely that personnel reductions will be required. The company noted that if layoffs are necessary, it will make every effort to achieve them through normal attrition.

About the Author

Tim Parry

Tim Parry is a former FleetOwner editor. 

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...

Driving Growth: How to Manage More Freight

Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...

How to Maximize Fleet Management with Vehicle Bypass

Join us on February 18th to learn how truck weigh station bypass systems boost fleet performance and driver satisfaction.

Optimizing your fleet safety program using AI

Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.