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![Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January, Michelin will cut 530 jobs and plans to retire 670 people in the first year of its "simplification and competitiveness plan", its management said on Wednesday. The plan, announced in early January,](https://c8.alamy.com/comp/2F6JWR4/michelin-will-cut-530-jobs-and-plans-to-retire-670-people-in-the-first-year-of-its-simplification-and-competitiveness-plan-its-management-said-on-wednesday-the-plan-announced-in-early-january-calls-for-2300-job-cuts-from-17000-employees-in-france-over-three-years-with-no-forced-departures-file-coronavirus-crisis-major-retailers-and-manufacturers-suspend-production-file-le-groupe-michelin-a-annonc-son-intention-de-fermer-son-usine-de-la-roche-sur-yon-qui-emploie-plus-de-600-personnes-avant-la-fin-2020-la-roche-sur-yon-85-usine-michelin-jeune-ouvrier-avec-tee-shirt-2F6JWR4.jpg)