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 (29 - 30) Manufacture for transport equipment 29.1 - Manufacture of motor vehicles 29.1 - Manufacture of motor vehicles
1,000 jobs Number of planned job creations
Announcement Date
15 September 2005
Employment effect (start)
Foreseen end date
Description
The group Citroën-Peugeot-PSA specialised in the manufacture of motor vehicles will increase its labour in the Villaverde plant (Comunidad de Madrid, Spain) by 1,000 employees. The group will invest €300 million in the plant in order to improve production activities as announced in its Industrial Plan for the years 2005-2007.
Eurofound (2005), Group PSA, Business expansion in Spain, factsheet number 62301, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62301.