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France's Peugeot Citroen to slash 2,700 jobs

Automobile sector struggles with global economic crisis. -AFP

Thu, Nov 20, 2008
AFP

PARIS, Nov 20, 2008 (AFP) - French carmaker PSA Peugeot Citroen announced plans Thursday to slash 2,700 jobs as the automobile sector struggled with the global economic crisis.

The job cuts could affect assembly-line workers, managers and office staff in all of the firm's plants, a statement from the car company said.

An additional 900 workers from the Rennes factory in western France will be relocated to other Peugeot Citroen sites under a plan to be presented to a works committee on December 2, it added.

 
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