Michelin in Canada / To cut 500 jobs

French tyremaker Michelin (MICP.PA: Quote) said on Monday it would gradually reduce production at a Canadian plant by mid-2015, cutting about 500 jobs and booking a provision of C$87 million ($78.52 million) in the first half of this year.

Chosen excerpts by Job Market Monitor. Read the whole story at Michelin to cut 500 jobs at Canadian plant | Business | Reuters.