PSA Peugeot Citroen to Close R&D Center in France Next Year image

PSA Peugeot Citroen plans to close an R&D center near Paris next year.

PSA Peugeot Citroen announced its plans to close a research and development center outside Paris next year, but said that the 660 employees will not lose their jobs as they will be transferred to other sites. A Force Ouvriere labor union official said that the automaker’s central works council will meet today, May 22nd, to discuss this issue.

A spokesman for PSA Peugeot Citroen confirmed the automaker aims at restructuring its workforce at the Meudon center, located south of Paris, and that the job transfers are included in Peugeot’s efforts to rationalize its work force in France. He added that more details regarding this plan will be offered at the works council meeting.

According to anonymous sources, the automaker plans to sell the Meudon site in 2014 and that this would be part of the company’s plan to sell assets for the total amount of 200 million euro by the end of this year.

The majority of the 660 employees will be transferred to the R&D facility at Velizy-Villacoublay, some will be sent to the Possy plant, located west of Paris, and some will get to the spare parts logistics center at Vesoul, located in eastern France.