Arab Today, arab today peugeot citroen slashes jobs
Last Updated : GMT 23:09:00
Arab Today, arab today
Arab Today, arab today

Peugeot Citroen slashes jobs

Arab Today, arab today

Arab Today, arab today Peugeot Citroen slashes jobs

Paris - AFP

French auto group PSA Peugeot Citroen said Thursday it would cut 8,000 jobs in its domestic operations as a sharp downturn in the European market led to a loss in the first quarter. PSA, France's biggest carmaker and second in Europe to Germany's Volkswagen, said it expected the European market to shrink 8.0 percent this year and had to adjust its business in the face of a worsening outlook. For the period 2007-12, the market is down 23 percent, it said, compounding problems which left its plants operating at just 76 percent of capacity in the first half of this year, down from 86 percent a year earlier. PSA said the problem was even worse in the small car segment, which accounts for 42 percent of its sales "and where most of the competing models are made in low-cost countries". As a result, the auto division is expected to report an operating loss of some 700 million euros ($860 million) for first half 2012, producing overall a net loss for the period. PSA said in a statement that it would cease production at its Aulnay site near Paris which employs 3,000, with the 1,400 jobs going at its Rennes plant. In addition, some 3,600 jobs will be cut across the corporate structure, as the company continues "reducing costs and improving its operating efficiency."

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*

Arab Today, arab today peugeot citroen slashes jobs Arab Today, arab today peugeot citroen slashes jobs

 



Arab Today, arab today

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*

Arab Today, arab today peugeot citroen slashes jobs Arab Today, arab today peugeot citroen slashes jobs

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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