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PSA Peugeot Citroën Industrial Restructuring Plan: Procedure Not Suspended

  PSA Peugeot Citroën Industrial Restructuring Plan: Procedure Not Suspended

Business Wire

PARIS -- January 29, 2013

Regulatory News:

PSA Peugeot Citroën (Paris:UG) takes note of the Paris Appeals Court's
decision of 28 January 2013 overruling a decision handed down by the Paris
High Court (Tribunal de Grande Instance) on 25 September 2012, which rejected
a complaint filed by the CGT labour union representatives of Faurecia
Intérieurs Industries.

The Appeals Court's decision does not call into question the information and
consultation procedure carried out by PSA Peugeot Citroën within its
Automotive Division. On this point, the Appeals Court dismissed the CGT FII's
request that the procedure be suspended for non-compliance with the obligation
to consult the European Works Council.

The information and consultation procedure concerning PSA Peugeot Citroën’s
industrial restructuring project has therefore been neither suspended nor
annulled.

The Paris Appeals Court did, however, find that Faurecia Intérieurs Industries
needs to conduct an information and consultation procedure with its European
Works Council concerning the possible consequences of the Automotive Division
restructuring project before PSA Peugeot Citroën may effectively implement the
restructuring plan.

Consequently, and without prejudice to any further action that could be taken
by PSA Peugeot Citroën or one of its subsidiaries, Faurecia Intérieurs
Industries will begin the information and consultation procedure with its
European Works Council immediately.

Contact:

Media Relations
Jean-Baptiste Thomas, +33 (0)678 15 84 59
Jean-baptiste.thomas@mpsa.com
or
Pierre-Olivier Salmon, +33 (0)676 86 45 48
pierreolivier.salmon@mpsa.com
or
Cécile Damide, +33 (0) 1 40 66 53 89
cecile.damide@mpsa.com
or
Jean-Baptiste Mounier, +33 (0) 668 43 19 00
jeanbaptiste.mounier@mpsa.com
or
Investors 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
 
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