Peugeot Looking to Cut 10,000 French Jobs

For a while it seemed that Peugeot was among the carmakers that could deal with the European crisis well enough not to make drastic job cuts. However, even its sales have started slipping, and even though they are in the middle of a market offensive with the new 208 supermini, they are still being forced to cut their workforce.
Peugeot 301 1 photo
Last November, Peugeot said it would cut about 6,000 jobs in France, but this figure could soon rise to 10,000 people according to a Bloomberg report.

The carmaker employed some 100,000 workers at the end of 2011 in France alone. But with Peugeot’s sales dropping 15 percent in the first five months of 2012, cuts are inevitable.

The new strategic partnership with General Motors which was signed back in March is the only light at the end of the tunnel right now. If now, we’re concerned that Peugeot too will become another European brand that Exports from China or Norther Africa.


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