EMCC European Monitoring Centre on Change

Group PSA

Company/Organisation:
Group PSA

Geographic Location

Country: Spain
Region: Comunidad de Madrid
Location of affected unit(s): Villaverde

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 207200
Group: Group PSA

Employment Effects

Announcement Date: 15-09-2005
Type of Restructuring: Business expansion
Planned Job Creation: 1000

Additional Information

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.