Automobile World

Wednesday, September 27, 2006

Peugeot Citroën to slash 10,000 jobs, cut spending

Peugeot Citron to slash 10,000 jobs, cut spending
By David Pearson
The Wall Street Journal Europe
27 Sep 2006

PARIS— PSA Peugeot Citron, grappling with falling car sales in its core European markets, said it would reduce its European work force by about 7% and make cutbacks in capital spending and overhead. The plan by Europe’s secondlargest auto maker by... read more...

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