peugeot chairmangovt attacks damaging firm
Last Updated : GMT 00:27:23
Arab Today, arab today
Arab Today, arab today

Peugeot chairman : govt attacks damaging firm

Arab Today, arab today

Arab Today, arab today Peugeot chairman : govt attacks damaging firm

Paris - AFP

PSA Peugeot Citroen Chairman Thierry Peugeot said Friday that government criticism after the automaker announced massive job cuts was damaging the company and creating a \"dangerous\" situation. \"We are ready to accept criticism, but there are limits,\" Peugeot said in an interview with Le Figaro, after PSA came under sustained fire from France\'s new Socialist government over its plans to cut 8,000 French jobs. \"The attacks the company is currently facing have an immediate effect on (investor) perception. This is a dangerous situation,\" Peugeot said. Asked if he feared a hostile takeover bid for the company after its shares fell 18 percent following the job cuts announcement, Peugeot said: \"Anything is possible. So we must act.\" Struggling with falling European sales, PSA, the biggest French carmaker and second in Europe to Germany\'s Volkswagen, announced last week it would cut 8,000 jobs and cease production at its historic Aulnay plant north of Paris. President Francois Hollande, elected in May, denounced the plan as \"unacceptable\" and the government has criticised PSA\'s corporate strategy. \"We are well aware of the seriousness of the plan to cut 8,000 jobs. These measures are painful, I understand they can cause shock within the company, the government and the whole of the country,\" Peugeot said. But he said the company was \"forced to adapt\" to falling European sales and \"cannot stand by and do nothing.\" He the said the Peugeot family, which holds 25 percent of PSA\'s capital, had \"total unanimity\" on the company\'s strategy and confidence in chief Philippe Varin.

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 chairmangovt attacks damaging firm peugeot chairmangovt attacks damaging firm

 



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 chairmangovt attacks damaging firm peugeot chairmangovt attacks damaging firm

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday