4 _249 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Three-year project to transition the manufacturing and corporate and administrative operations On January 6, 2021, Michelin announced the roll-out of a strategic project to transition its operations in France over the 2021-2023 period, specifying that it would not entail any layoffs. On April 27, 2021, Michelin and the unions signed the ADAPT France 21-23 framework agreement defining the support measures for all impacted employees, whether they wished to remain with the Group or preferred to pursue their careers elsewhere. The agreement called for the negotiation of mutually agreed annual severance packages (RCCs), which were to be used to support the changes in the workforce and jobs over the following three years. For employees who volunteered to leave the Group, support measures included early retirement opportunities open to all eligible employees and an outplacement program. Under the 2021, 2022 and 2023 RCC agreements, 1,157 employees requested early retirement and 428 opted for outplacement. Transfer of unit assembly operations from the Poitiers plant to the Bourges plant On May 17, 2022, MFPM announced a project to transfer its unit assembly operations from the Poitiers plant to Bourges in 2023, without any loss of jobs. The impacted employees were offered the opportunity to transfer to the Bourges plant to pursue the same job under the same employment contract. Of these employees, 13 refused to amend their contracts, leading MFPM to consider dismissing them for economic reasons. An agreement on job retention initiatives was signed with a majority of trade union representatives on January 27, 2023 and implemented on February 11, 2023. As of December 31, 2023, three employees had opted for early retirement and ten had been outplaced. Of the employees who took retraining leave with the support of an outplacement firm, 30% have found a job or started their own business and 70% are still being assisted by the firm in finding a job or starting their own business. Italy In Italy, as part of the Group’s initiatives for the 2021-2023 period, organizational changes in the services business and the production plants were supported by collective early retirement agreements concerning 102 people. Germany: Karlsruhe/Trier/Homburg plant On November 28, 2023, Michelin announced that it would phase out production at its plants in Karlsruhe and Trier, Germany, as well as the manufacture of new tires and semi-finished products in Homburg. In addition, the Customer Contact Center will be transferred from Karlsruhe to Poland. A total of 1,532 employees will be impacted by these operations, which should be completed by the end of 2025. The decision was prompted by the growing competition from low-cost truck tires and the German operations’ lack of competitiveness in European and export markets. Michelin’s priority is to offer a comprehensive range of measures to individually support each of the impacted employees as they seek new career opportunities. Discussions are still underway with the works councils and the IGBCE union concerning deployment of the shopfloor changes and the future use of the former sites. Michelin is engaging with its partner communities to explore every option for converting the impacted sites to support the creation of new jobs. By the end of 2023, 94 jobs had been created on site, including 14 at CTIP, the company managing the innovation park. Rehabilitation work is underway, particularly on the innovation hub, which in coming months will welcome a large number of companies, employees and researchers. United Kingdom: Marfleet/Hull plant On December 13, 2022, Fenner Dunlop Engineered Conveyor Solutions announced the closure of its Marfleet/Hull plant in 2023, which affected 70 jobs. A significant proportion of the plant’s business involved sales to Russia, which have since been halted by the war in Ukraine. An employee support plan, including financial compensation and access to outside retraining and recruitment services, was negotiated and accepted by the employees. After ceasing production in September 2023, the Marfleet site will be transferred to new owners in 2024. A full 80% of employees had access to a comprehensive training program, and 85% of them changed jobs or retired.
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