peugeot announces plan to slash costs jobs in 2012
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Peugeot announces plan to slash costs, jobs in 2012

Arab Today, arab today

Arab Today, arab today Peugeot announces plan to slash costs, jobs in 2012

Paris - AFP

French auto giant PSA Peugeot Citroen on Wednesday announced an 800-million-euro cost-cutting plan for next year that is expected to include lay-offs amid a stagnating European car market. "It's quite possible there will be an impact on the workforce," the company's chief financial officer Frederic Saint-Geours said during a teleconference. Management is to inform unions on details of the plan at a meeting later Wednesday. The company, France's largest automaker and Europe's second-largest, employs over 205,000 people worldwide, including 100,000 in France. The savings plan comes after the company announced that sales in its cars division was down 1.6 percent to 9.3 billion euros ($12.94 billion). However, overall sales were up 3.5 percent in the third quarter to 13.45 billion euros. Saint-Geours said the company expected growth in the European market to stabilise, but to grow seven percent in China, six percent in Latin America and 30 percent in Russia. CGT union representative Bruno Lemerle slammed the savings plan as "scandalous." "Logically when the results are good, the company should employ people, try to develop," Lemerle told AFP, pointing to the increased overall turnover figure.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeot announces plan to slash costs jobs in 2012 peugeot announces plan to slash costs jobs in 2012

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeot announces plan to slash costs jobs in 2012 peugeot announces plan to slash costs jobs in 2012

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday