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1,400 American Workers Get Bad News Under Biden

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Michelin has October 28, 2023

“>announced the closure of its Ardmore plant, which has been producing passenger tires for over five decades.

The decision is attributed to the changing and competitive nature of the North American passenger-vehicle market.

The plant is unable to meet evolving market demands at competitive costs, and further investments would negatively impact other sites in the network. (Trending: Chilling Update On Biden Bribery Scheme)

Layoffs will begin in mid-2024, with the plant expected to close fully by the end of 2025.

“The plant has produced passenger tires for more than five decades, dating back to 1970, and it is a vital employer for the community of about 25,000 residents — conveniently situated between Oklahoma City, Oklahoma, and Dallas, Texas,” the report found. (Trending: Biden Completely Botches Iconic American Quote)

Michelin executives wrote in a news release that read: “North America’s passenger-vehicle market is changing rapidly and profoundly.”

“Despite substantial investments over the past five years to improve technical capabilities and competitiveness, Michelin has concluded that the Ardmore factory is not equipped to deliver tires at competitive costs that will meet these evolving market demands in the coming years. Continuing investments to modernize the Ardmore plant would negatively impact other U.S. sites in the network.”

The closure highlights the struggles faced by American manufacturing plants due to free trade policies and competition from cheap foreign imports.

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