⁍ The French government presented Bridgestone with a rescue plan on Monday to save one of the Japanese tyre-maker’s plants in northern France.
⁍ Bridgestone, which announced its plans to close the facility one month ago, is willing to examine the proposal.
⁍ The bailout involved a roughly 100 million euro investment that would safeguard the jobs of more than half of the 863 employees at the Bethune site.
– The French government has come up with a plan to keep a Bridgestone plant in northern France open, Reuters reports. The proposal would see the company invest about $100 million to keep 863 jobs at the plant open. “I had a shareholder who wasn’t interested in reexamining the case. Now it is,” said French industry minister Agnes Pannier-Runacher. The Japanese company announced last month that it was closing the plant due to overcapacity, but French officials say they’re not giving up hope. “If it’s a no, we’ll enter into a battle to get the most for (the plant’s) employees,” said Xavier Bertrand, head of the Hauts-de-France regional authority. “Because that’s not how you pull out in France.”
Source: https://www.reuters.com/article/us-france-bridgestone/france-outlines-100-million-euro-plan-to-save-bridgestone-plant-idUSKBN2742B4