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: 94000
Group: PSA

Employment Effects

Announcement Date: 29-03-2004
Type of Restructuring: Business expansion
Foreseen End Date: 01-12-2004
Planned Job Creation: 7000

Additional Information

PSA Peugeot Citroën will recruit 7,000 employees during 2004. In 2003 the group hired 4,400 people. These recruitment initiatives will compensate the pre-retirement schemes begun in 1999, and prepare the company to reach its sales objective of 4 million cars per year in 2006. In the UK, the group has recently cut 600 jobs in Ryton.