Peugeot-Citroen Cutting 6,000 Jobs

Peugeot-Citroen Cutting 6,000 Jobs
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As part of a $1.1 billion cost-cutting effort, PSA, the parent company of both Peugeot and Citroen, will shed 6,000 jobs in Europe, with 2,500 white collar jobs, 2,500 contract worker jobs and 1,000 blue collar jobs expected to be cut in 2012. PSA claimed that their car-making operations would barely turn a profit in… Continue Reading...