Macron challenger presses France to save tyre plant


2/2
© Reuters. Japan’s Bridgestone to close tire factory in Bethune due to low demand

2/2

PARIS (Reuters) – France should invest in a Bridgestone (T:) tyre plant threatened with closure, the head of its regional government who plans to run against President Emmanuel Macron in 2022 said on Sunday, ahead of a ministerial visit to the site.

The call by Xavier Bertrand, a former minister who now leads the Hauts-de-France region, adds pressure on the government to prevent an outright closure of the facility, as the coronavirus pandemic batters confidence.

The Japanese tyre maker’s announcement on Wednesday that it planned to close the Bethune plant, which employs 863 workers in Bertrand’s northern region, drew swift government condemnation.

Labour Minister Elisabeth Borne is expected to visit the factory on Monday.

Bertrand, a conservative who served as health minister between 2005 and 2007 in the government of Nicolas Sarkozy, told Europe 1 radio “everything must be done” to avoid a closure – invoking a 2013 precedent in which Italy invested in a Bridgestone plant to avert closure and save 60% of its jobs.

Bertrand also stepped up his criticism of Macron in a separate interview with Le Parisien, declaring himself “more determined than ever” to challenge France’s centrist incumbent in the next presidential election.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  StockBeat: Banks Lead the Mean Reversion March

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here