PSA Peugeot Citroen Chief Executive Officer Philippe Varin

PSA Peugeot Citroen Chief Executive Officer Philippe Varin

Balint Porneczi/Bloomberg

With contentious job cuts in the works and more potentially on the way, PSA Peugeot Citroen Chief Executive Officer Philippe Varin will start his second four-year term as head of the troubled Paris-based company next month.