peugeot job cuts plan \not acceptable\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Peugeot job cuts plan 'not acceptable'

Arab Today, arab today

Arab Today, arab today Peugeot job cuts plan 'not acceptable'

Paris - AFP

French President Francois Hollande said on Saturday that carmaker PSA Peugeot Citroen's plan to cut 8,000 jobs was not acceptable and needed to be renegotiated. "This plan is not acceptable, it must be renegotiated," Hollande said during a televised interview with the TF1 and France 2 channels on Bastille Day, adding: "The state will not leave this be." Peugeot shocked France on Thursday by announcing the job cuts, sparking union anger and underlining the country's competitiveness problems. Hollande was elected in May on a promise to put the economy back on track, focusing on growth rather than austerity measures adopted elsewhere in Europe in the face of the eurozone debt crisis. PSA, France's biggest carmaker and second in Europe to Germany's Volkswagen, said it would cease production at its historic Aulnay site north of Paris which employs 3,000 people, with 1,400 jobs also going at its Rennes plant. Some 3,600 jobs are to be cut across the corporate structure. The company employed 100,000 people in France at the end of 2011. Peugeot said it expected the European market to shrink eight percent this year and had to adjust its business. France's trade deficit remains high and ministers in Hollande's new government have raised concerns that low competitiveness is stifling the economy and hampering job creation.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeot job cuts plan \not acceptable\ peugeot job cuts plan \not acceptable\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeot job cuts plan \not acceptable\ peugeot job cuts plan \not acceptable\

 



GMT 13:23 2012 Saturday ,07 July

Syria shells Wadi Khaled: 3 killed, 9 wounded

GMT 17:45 2016 Monday ,18 April

School Olympics embody state's future vision

GMT 15:30 2017 Tuesday ,11 April

Church attacker denies his death

GMT 21:43 2012 Monday ,20 February

AUC remembers Omar Mohsen at the graduation

GMT 12:47 2017 Friday ,06 January

Daesh militants kill 4 soldiers near Iraq's Tikrit

GMT 21:13 2017 Monday ,06 February

UN: Afghan civilian casualties rose 3 percent in 2016

GMT 22:30 2014 Tuesday ,30 December

Jordanian senate passes income tax draft law

GMT 14:29 2016 Saturday ,29 October

Yuksel offers top-notch engineering services

GMT 02:36 2017 Friday ,03 February

Tunisian journalists executed, says Daesh suspect

GMT 10:32 2015 Saturday ,28 March

World's first 'Otaku' summit opens in Japan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday