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Representatives Michelin said the plant will cease operations in July, and all operations will shift to Asia, Europe and North America. Michelin said that production at the factory in Ota, which employs 380 people, costs about twice as expensive than the production at factories in other countries. The company provided no information on losses from the closure of the plant, saying only that the figure will be included in a one-time expenditures for 2009 total at 410 million euros (about $ 589 million). Now the company is in talks with representatives of the factory workers Ota, to help the victims of restructuring. In 2008, Michelin has earned $ 4.29 billion from the sale of products to vehicle manufacturers and now occupies 40 th place in rating the top 100 global suppliers Release Publication Automotive News Eurupe.