Pirelli does not plan to close automotive plants in Europe.

This is according to Ceo, Andrea Casaluci.

"Right now we do not have restructuring on the horizon, we have a very important program to modernize our plants, especially in Europe and South America," the manager added, on the sidelines of an event in Milan.

(Giulio Piovaccari, writing Giancarlo Navach, editing Stefano Bernabei)