Tyre maker Bridgestone to cut 546 jobs in Spain on uncertainty, competition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
0mins
Source: Reuters
Job Cuts Announcement: Bridgestone plans to cut 546 jobs at two factories in northern Spain due to adverse market conditions and increased competition from non-European products.
Union Response: Local unions, including UGT, are planning to call for a strike at the affected factories as Bridgestone adjusts its production capacity amidst inflation and uncertainty in the European market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
