Economy - Voice of America: Peugeot Slashes Jobs in Grim Sign of Times

Economy - Voice of America economy-and-business

Peugeot Slashes Jobs in Grim Sign of Times Jul 12th 2012, 18:04 PARIS -- In the latest sign of hard times for Europe, French carmaker PSA Peugeot-Citroen says it will slash about 8,000 jobs and close an assembly plant. French unions are furious at Peugeot's announcement, calling it a "declaration of war" and an "earthquake." Speaking on French radio, union member Jean-Pierre Mercier accused Peugeot of looking out only for its financial interests. Explaining that workers like himself have been bracing for the cuts for months, he ... Media files: ACAEFDC2-6781-49C7-8E80-BECA1B0278A0_cx3_cy6_cw96_w800_r1.jpg (image/jpeg, 0 MB)

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