that'd be it

The local facility, which employs around 370 people, is facing staff reductions as part of the company’s broader strategy to adapt to changing market conditions. According to a statement from Michelin Public Relations, the decision is linked to... — read more 

https://www.oklahoman.com/story/news/2023/12/17/ardmore-michelin-tire-plant-closing-community-economic-impact/71476852007/

"French tyre maker Michelin said on Wednesday it would cut up to 2,300 jobs over three years as part of a new simplification and competitiveness plan in France, adding this would not involve layoffs nor plant... — read more 

I've heard Michelin could be cutting hours in some plants again soon - does anybody know more about this?

https://www.tyrepress.com/2018/09/michelin-restructuring-layoffs-a-possibility-for-dundee-tyre-plant/