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France Again Summons PSA to Discuss Job Cuts
The French government plans to hold talks on Oct. 25 between its ministry officials, PSA Peugeot Citroen executives and members of the company's union in France.
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The French government plans to hold talks on Oct. 25 between its ministry officials, PSA Peugeot Citroen executives and members of the company's union in France.
CEO Philippe Varin tells reporters that PSA will present the conclusions of an independent report about its financial condition. He says the company also will update government officials on the status of its plans to eliminate 8,000 jobs in France.
But Varin reiterates that restructuring actions are an "internal matter" between management and labor. His remarks followed comments on Sunday by French Industry Minister Arnaud Montebourg, who says he intends to "reduce, reformat and reconsider" the job cuts.
French officials were outraged when PSA announced in July that it aimed to shed jobs and close its assembly plant in Aulnay, France. But they gradually came to accept the job losses as an unfortunate necessity except for Montebourg. A report commissioned by the French government concluded the restructuring is "inevitable."
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