Peugeot Citroen to cut 8000 jobs
12 July 2012
The French carmaker has announced that it will be cutting 8,000 jobs and closing an assembly plant outside Paris due to a decline in sales.
Peugeot Citroen has announced plans to close the Aulnay plant in Paris, with production ending by 2014.
3,000 people working at the factory will lose their jobs, while Rennes, a plant in Western France, will also lose 1,400 of its employees and another 3,600 jobs will be cut at other offices and factories across France.
The firm suffered a 13% fall in sales in the first half of the year, and many sites are not productive enough, operating at an average of 76% of their potential output.
Peugeot’s Chairman Phillipe Varin says: "I am fully aware of the seriousness of today's announcement, as well as of the shock and emotions they will arouse in the company."
He added that "the depth and persistence of the crisis" made the reorganisation necessary and that workers who lost their jobs would receive support and help in finding new employment.
French Social Affairs Minister Marisol Touraine was shocked by the cuts, labelling them ‘unacceptable’ in an interview with Europe 1 Radio.
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