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
European Globalisation Fund (EGF)
Year: 2010, Case number: 15
6,000 jobs
Number of planned job losses
Job loss
Announcement Date
12 November 2009
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2013

Description

Car maker PSA Peugeot Citroën has announced the cut of 6000 jobs in its factories in France between January 2010 and December 2013. The CEO has announced a 'performance plan' intended to restore the profitability of the group. These reductions would be implemented through non-replacement of workers leaving the company voluntarily. In November, the company's works council will assess the plan.

Sources

Citation

Eurofound (2009), PSA Peugeot Citroën, Internal restructuring in France, factsheet number 69868, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69868.