Michelin is to close its tyre factory in Dundee, the city's largest employer, with the loss of about 850 jobs, confirming that it would leave the city by 2020.
The company said the factory was "unsuitable" given current market conditions and it would not be financially viable to invest further. Michelin said the Dundee site has suffered because of a shift in the market towards low-cost products from Asia. The company praised its Dundee employees' dedication but said that in spite of that and its own "continuous efforts" the plant could not be saved.
The union Unite has said the closure would be a "hammer-blow" to the city.
https://www.bbc.com/news/uk-scotland-tayside-central-46097215
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