PSA Announces Average 1.9% Pay Increase

Employees of the PSA Peugeot Citroen Group have another reason to smile, as the French car manufacturer announced the negotiations with its workforce are over and that they agreed to a pay rise of 1.9%. It might not seem like a lot, but still it is something, considering the recession and the fact that the French price inflation for the past year was estimated at 0.8%.

"In a 2009 business environment shaped by the crisis that has struck the automobile industry and with a still very uncer… (read more)