PSA Peugeot Citroën

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
2,700 - 3,550 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 January 2012

Description

PSA Peugeot-Citroen, Europe's second-biggest car-maker, has announced a new wave of job cuts as a decline in European car sales is seen continuing into 2009.

The Group, which only trails Volkswagen in terms of European sales, said it would cut between 2,700 and 3,500 jobs across its sites between January 2009 and January 2012 in France, where it had a workforce of 114,000.

Sources

Citation

Eurofound (2008), PSA Peugeot Citroën, Internal restructuring in France, factsheet number 67418, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67418.