Investing.com -- Bridgestone, the Japanese tyremaker, has announced plans to reduce its workforce at two of its factories in northern Spain.

The decision comes in response to unfavorable developments in the European market and the increasing prevalence of non-European products.

The company intends to cut 546 jobs at two factories in Cantabria and the Basque Country. These factories primarily produce tires for tractors, other farm vehicles, buses, and trucks.

The local union, UGT, revealed this information on Tuesday.

In reaction to this news, UGT, along with other unions, have declared their intention to call for a strike at the two factories. However, the unions have yet to provide any specifics regarding the planned strike.

Bridgestone Hispania, the local unit of the company in Spain, currently employs around 2,800 people, according to UGT. The proposed job cuts represent a significant proportion of the company’s workforce in the region.

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