Peugeot Said to Widen Job Cuts With 2,450 Departures
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PSA Peugeot Citroen plans to cut as many as 2,450 additional jobs next year through incentives such as early-retirement packages as Europe’s second-largest carmaker restructures.
The plan, detailed in an internal document obtained by Bloomberg, comes on top of Peugeot’s goal of eliminating 11,200 jobs in France, or 17 percent of the company’s domestic workforce, by the end of this year. The deeper cuts show that Peugeot’s turnaround efforts are still ongoing, even after it reported its first profit in three years in the first half.