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France to PSA: Cut Jobs in Spain
French Industry Minister Arnaud Montebourg calls PSA Peugeot Citroen's plan to cut jobs and close a domestic plant "unacceptable."
His remarks follow by a day the release of a government-commissioned study that concluded that those actions are "inevitable."
Montebourg tells public radio service France Inter the PSA should narrow the scale of its restructuring.
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French Industry Minister Arnaud Montebourg calls PSA Peugeot Citroen's plan to cut jobs and close a domestic plant "unacceptable."
His remarks follow by a day the release of a government-commissioned study that concluded that those actions are "inevitable."
Montebourg tells public radio service France Inter the PSA should narrow the scale of its restructuring. He says he plans a "debate with Peugeot management about opportunities and choices."
Montebourg wants the company, which intends to shed 8,000 jobs in France, to make some of those cuts at its factory in Madrid, Spain, instead.
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