EMCC European Monitoring Centre on Change

PSA Peugeot Citroën

Company/Organisation:
PSA Peugeot Citroën

Geographic Location

Country: France

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 60000

Employment Effects

Announcement Date: 12-11-2009
Planned Job Reductions min: 6000
Planned Job Reductions max: 6000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2010
Foreseen End Date: 31-12-2013
Other Job Reduction Measures: 6000

Additional Information

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.