PSA Peugeot Citroen (UG), Europe’s second-largest carmaker, will eliminate an additional 1,500 jobs by 2014, deepening its workforce reduction as auto sales in the region plunge to a 17-year low.
The cuts, which come on top of 8,000 announced in July, will be made by not replacing people who leave, Jonathan Goodman, a spokesman for the Paris-based company, said. The shares gained the most in almost five months.
Peugeot in total is now aiming to shrink its French automotive operations by 11,200 positions, or 17 percent, over the next two years. The automaker is also closing a factory on the outskirts of Paris, selling assets and negotiating a strategic alliance with General Motors Co. (GM) as Europe’s auto market drops this year to the lowest sales volume since 1995.
Choosen excerpts by Job Market Monitor from
via Peugeot to Cut Added 1,500 Jobs as European Sales Plunge – Businessweek.
Job Market Monitor 
Discussion
Trackbacks/Pingbacks
Pingback: PSA-Peugeot-Citroen Offshoring / A 3rd China plant | Job Market Monitor - July 2, 2013
Pingback: Europe / Carmakers warn of more layoffs | Job Market Monitor - September 10, 2013
Pingback: PSA Peugeot-Citroen in France / To cut another 1500 jobs | Job Market Monitor - January 23, 2014