VIDEO: Peugeot To Seek Further Plant Cuts In Union Talks: CEO

Peugeot Citroen will seek further plant cuts from French unions, Chief Executive Philippe Varin said, as a glacial improvement in car demand looks unlikely to solve Europe’s chronic industrial overcapacity. Peugeot, which incurred the wrath of French ministers and workers last year by scrapping a major factory and 8,000 additional jobs, has recently indicated it may need to reduce capacity further while avoiding outright closures. …

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