Thursday, July 12, 2012

PSA Peugeot-Citroen Group to Slash 8,000 Jobs in France as its European Sales Tumble

French automobile group PSA Peugeot-Citroen has announced a major restructuring plan that will see the company shutting down one factory and axing some 8,000 jobs in its home market as a response to dwindling sales in Europe.

For the first time in two decades, the company will close a factory in France, the Aulney production site near Paris, which will result in the loss of 3,000 jobs. The company will also shed 1,400 jobs from the Rennes factory and some 3,600 positions in other French sites.

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