The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
350 jobs Number of planned job losses
Announcement Date
17 February 2012
Employment effect (start)
Foreseen end date
Description
French car manufacturer Peugeot-Citroen (PSA) is to cut 350 temporary jobs at the plant in Mangualde in the Viseu district (Portugal). This follows the discontinuation of the third labour shift due to negative market conditions and declining orders. The company re-employed the affected workers in October 2010 initially for six months. Their contract were to be extended depending on market conditions.
Sources
17 February 2012: Público
17 February 2012: Jornal de negocios
Citation
Eurofound (2012), Peugeot-Citroen (PSA), Internal restructuring in Portugal, factsheet number 73268, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73268.
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