Wednesday, July 11, 2012

Peugeot Citroen plans 8,000 job cuts

Peugeot logo

French carmaker Peugeot Citroen has set out plans to cut 8,000 jobs and close an assembly plant outside Paris as losses mount.

Peugeot said the Aulnay plant near Paris, which employs 3,000 workers, would stop production in 2014.

Last week, Peugeot said its first-half sales had fallen 13% amid a "profound crisis" in its eurozone markets.

Another plant, at Rennes in western France, will shed 1,400 posts from the 5,600 it employs there.



Source & Image : BBC

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