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Peugeot to cut jobs at its Sochaux plant


PSA Peugeot Citroen will cut 300 jobs at its Sochaux factory in eastern France because it wants to reduce the plant's output. The company's trade union officials announced on Monday that the firings would start in November. Unions stated that the job cuts will take effect on an assembly line producing two Peugeot models and the DS5 upscale sedan, adding that ...
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More psa articles

PSA could be rehabilitated in the eyes of investors
After a government-assisted bailout this year and the loss of control of the founding family over PSA Peugeot Citroen, the second largest automaker in Europe could reach an important recovery ...
PSA dismisses Mahindra talks
After Fiat Chrysler Automobiles was not long ago the target of two consecutive tie-up rumors, the news has swung this week towards France’s PSA Peugeot Citroen. The European carmaker, the second ...
FCA now reportedly tying up with PSA
After media reports proposed a Volkswagen AG takeover deal for Fiat Chrysler Automobiles, Financial Times has moved to another speculation – the carmaker would tie-up with France’s PSA. Just like the ...
PSA to start car assembly in Nigeria this year
The French automaker, Europe’s second largest, wants to begin auto manufacturing in the African country with the aid of a local manufacturing partner. The news also comes just three months ...
Report – Ex PSA chairman ousted because of renewed criticism
PSA Peugeot Citroen's Thierry Peugeot, the former chairman of the company, has been forced out of the company after once more he voiced his disapproval for the way the French ...
PSA to lay off workers at French factory
The French automaker, the second largest in Europe, has decided to set up an early retirement benefit program for workers at its Rennes, France, plant willing to participate. The approximately 500 ...
PSA starts home recovery
The battered European carmaker has announced it’s starting the restructuring process at home in France by investing 300 million euros ($408 million) to upgrade and actually also contract its Mulhouse ...
PSA CEO wants to fight rival European VW brand
Volkswagen AG is currently the top European automaker and also the second largest global auto company, so the ambitions of the CEO of the second largest European auto producer are ...
After Dongfeng and French buy, PSA is offering more stock to investors
Europe’s second biggest automaker, after finally closing the deal on the stakes sold to both Chinese partner Dongfeng Motor and the French state is further financing its turnaround plan by ...

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