Cars
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.
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Last summer, PSA Peugeot Citroen announced that it would close its Aulnay plant near Paris and slash 8,000 jobs in a cost-cutting effort to minimize its losses, which were €819 million (US$990 million) in the first month of 2012 alone. Today, 300...
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- Gm's Opel To Build Next Citroen C5 Mid-size Model, Says Psa Exec
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- Psa Peugeot-citroen And Renault Say They're Too Thin On Profits By Making Cars In France
In a move that reminds us a lot of what Fiat-Chrysler CEO, Sergio Marchionne told the Italian government not too long ago, both Renault and PSA Peugeot-Citroen executives told French parliamentary officials in separate appearances before the Senate that...
Cars
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.
Read more »- Peugeot Workers Protest Layoffs, Company Says Strikes Happen Every Month
Last summer, PSA Peugeot Citroen announced that it would close its Aulnay plant near Paris and slash 8,000 jobs in a cost-cutting effort to minimize its losses, which were €819 million (US$990 million) in the first month of 2012 alone. Today, 300...
- France Wants The European Union To Monitor South Korean Car Exports
The spike in South Korean car sales in Europe the past few years has the French worried as at the same time they are seeing their numbers drop amidst the debt crisis that has engulfed the continent. Just last year, sales of Korean cars in the European...
- Gm's Opel To Build Next Citroen C5 Mid-size Model, Says Psa Exec
New details about General Motors strategic cooperation with the PSA Citroen-Peugeot group surfaced today after Jean-Luc Perrard, head of PSA's factory in Rennes, France, told local newspaper Ouest France that Opel will build next generation of the...
- Vw To Hire 800 New Workers At Its Chattanooga Plant To Meet Growing Demand For Passat
Business is going good for Volkswagen and its new Tennessee manufacturing facility, which builds the North American Passat. The company today announced that it would be adding 800 new jobs at the factory to meet rising customer demand for the mid-size...
- Psa Peugeot-citroen And Renault Say They're Too Thin On Profits By Making Cars In France
In a move that reminds us a lot of what Fiat-Chrysler CEO, Sergio Marchionne told the Italian government not too long ago, both Renault and PSA Peugeot-Citroen executives told French parliamentary officials in separate appearances before the Senate that...