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 29.1 - Manufacture of motor vehicles
European Globalisation Fund (EGF)
Year: 2010, Case number: 15
6,000 jobs Number of planned job losses
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.
Eurofound (2009), PSA Peugeot Citroën, Internal restructuring in France, factsheet number 69868, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69868.
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