Peugeot to Raise French Workforce Cuts to 10,000, Union Says
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PSA Peugeot Citroen plans to shed as much as 10 percent of its French workforce this year, more than previously announced, as sales slide and management seeks further savings, a union official said.
“They will raise the job cuts target in France alone to 8,000-10,000,” Christian Lafaye, the head of Peugeot’s second-biggest union FO, said in an interview. Paris-based Peugeot, Europe’s second-largest automaker, said in November it aimed to reduce headcount by 6,000 in the region.