Internal restructuring
European Union
Location of affected unit(s)
France, Slovakia, Spain, UK
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles

10,000 jobs
Number of planned job losses
Job loss
Announcement Date
26 September 2006
Employment effect (start)
27 September 2006
Foreseen end date
31 December 2007


PSA, France-based manufacturer of passenger cars, employing 208,500 people worldwide and 134,000 in the EU, announced an 'action plan' intended to restore the profitability of the group. In Europe, two group's marks 'Peugeot' and 'Citroën' jointly lost half of their market share (13.3%) during the first eight months compared to the same period in 2005. In 2005, PSA sold 3.39 million of vehicles in 150 countries worldwide. PSA announced that the group will stop certain investment projects (in Slovakia) and cut 10,000 jobs in Europe representing a decrease of 7.5% till the end of 2007. France, Spain and the United Kingdom (in Ryton some 2,500 jobs are to be lost) would be the only countries affected. Thus, some thousands of temporary jobs and term contracts will be terminated. The company is headquartered in Paris, France.


  • 28 September 2006: Le Monde
  • 27 September 2006: Le Figaro
  • 27 September 2006: La Tribune
  • 27 September 2006: AFP


Eurofound (2006), PSA Peugeot-Citroën, Internal restructuring in European Union, factsheet number 64150, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64150.