Tags: France | Peugeot | Jobs | Europe

France's Peugeot to Cut More Jobs as Europe Sales Plunge

Tuesday, 11 Dec 2012 03:12 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
PSA Peugeot Citroen, Europe’s second-largest carmaker, will eliminate an additional 1,500 jobs by 2014, deepening its workforce reduction as auto sales in the region drop to a 17-year low.

The cuts, which come on top of 8,000 announced earlier this year, will be made by not replacing people who leave the company, Jonathan Goodman, a spokesman for the Paris-based company, said in a telephone interview.

Workers were told Tuesday that the number of employees that the automaker has in France will drop 17 percent to 55,900 in 2014 as a result of the cuts, Christian Lafaye, the leader of the FO union, said in an interview.

The European auto market is on track to drop this year to the lowest sales volume since 1995, according to the ACEA trade group. Peugeot is also closing a factory on the outskirts of Paris. General Motors Co. announced Monday that it will shutter a factory in Germany as a result of the region’s plunging sales, while Ford Motor Co. intends to shut three European plants.

Fiat SpA closed an Italian factory at the end of 2011 and said last week it will eliminate 1,500 jobs in Poland.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved