Europe’s second biggest carmaker, PSA Peugeot Citroen, has cut 5,700 French Jobs, surpassing the 3,500 voluntary departure target set in 2009, Bloomberg wrote.
One thousand seven hundred people no longer work in Peugeot’s factory in Rennes, France, for which the carmaker targeted 850 buyouts as it shut down an assembly line last year, company spokesman Pierre-Olivier Salmon told the aforementioned source.
Peugeot is reducing costs as it is trying to obtain a similar profit margin to that … (read more)