PSA Peugeot Citroen: Restructuring Plan: End of the Consultation Period on the Economic Chapter and Continuation of Negotiations

  PSA Peugeot Citroen: Restructuring Plan: End of the Consultation Period on
  the Economic Chapter and Continuation of Negotiations on the Support
  Measures

Business Wire

PARIS -- December 12, 2012

Regulatory News:

PSA Peugeot Citroen (Paris:UG): :

A summary review of the SECAFI audit report on the Group’s restructuring plan
was presented yesterday to management and the members of the Central Works
Council during a special meeting.

Following the meeting, the Central Works Council members were consulted. Four
of the six unions (CFE-CGC, FO, CFTC and GSEA) issued an unfavourable opinion,
while recognizing the need to quickly undertake the Group’s restructuring.

In addition, the majority of the unions approved the early separation
programme designed to encourage outplacement.

Today’s Central Works Council meeting therefore completes the first phase of
consultation with employee representatives.

Management and the unions may now continue negotiations on the support
measures proposed by the Group as part of the restructuring plan.

Group management confirms the commitments undertaken to reindustrialise the
Aulnay and Rennes facilities, as well as the employee reconversion objectives
for Aulnay and the development of additional activities at the Rennes plant.

These negotiations should be concluded by the end of first-quarter 2013.

    Communications Department - 75 avenue de la Grande Armée - 75116 Paris

           Telephone (33 1) 40 66 42 00 - Fax (33 1) 45 00 54 52 –
                         www.psa-peugeot-citroen.com

Contact:

PSA Peugeot Citroen:
Media Relations
Jean-Baptiste Thomas +33 (0) 1 40 66 47 59
Jean-baptiste.thomas@mpsa.com
or
Pierre-Olivier Salmon +33 (0) 1 40 66 49 94
pierreolivier.salmon@mpsa.com
or
Caroline Brugier-Corbière +33 (0) 1 40 66 58 54
caroline.brugier-corbiere@mpsa.com
or
Jean-Baptiste Mounier +33 (0) 1 40 66 54 22
jeanbaptiste.mounier@mpsa.com
or
Investor Relations
Carole Dupont-Pietri +33 (0) 1 40 66 42 59
carole.dupont-pietri@mpsa.com
or
Olivier Sartoris +33 (0) 1 40 66 43 65
olivier.sartoris@mpsa.com
or
Christophe Fournier +33 (0) 1 40 66 57 45
christophe.fournier@mpsa.com
or
Céline Jamet +33 (0) 1 40 66 48 52
celine.jamet@mpsa.com
 
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