Legal Proceedings Report • Dec 15, 2008
Legal Proceedings Report
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Paris, December 15, 2008
On October 28, 2008 Michelin presented a plan intended to make its operations in Italy more competitive.
The Group is now in a position to communicate on the related restructuring costs which are expected to amount to EUR 80 million approximately. This includes project severance and plant and equipment depreciation costs as well as those in connection with the necessary reindustrialization of the Stura site and the revitalization of the employment area of Turin. These non-recurring charges will be fully allocated to Group accounts for fiscal 2008.
Investor Relations Christophe Mazel: Tel +33 (0) 1 45 66 10 04 - +33 (0) 4 73 32 24 53 [email protected] [email protected]
Jacques Hollaender: +33 (0) 4 73 32 18 02 - +33 (0) 6 87 74 29 27 [email protected] [email protected]
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