All layoffs articles

  • psa varin.automotiveIT
    Article

    PSA plans layoffs, restructuring to restore profit

    2012-07-12T11:27:34Z

    CEO Varin says PSA needs to bring production capacity in line with the market (Photo: PSA)PSA/Peugeot-Citroen said it is planning to close a plant, lay off several thousand workers and reorganize its operations to restore profitability.The French carmaker, which said it will report a first-half operating loss in its automotive ...