Peugeot May Cut Another 1,500 French Jobs, Union Says

PSA Peugeot Citroen, Europe’s second-largest carmaker, is considering cutting an additional 1,500 jobs in France in the face of continued production overcapacity in the region, a union leader said.

“Our sources internally are telling us that management estimates the overstaffing in France at about 1,500 positions,” Jean-Pierre Mercier, a CGT union official at Peugeot, said by phone. “They may plan to cut these jobs through voluntary redundancies.”