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PSA Delays Restructuring Cuts Until Court Ruling
PSA Peugeot Citroen says it has delayed the implementation of its restructuring by 10 days until a Paris high court rules on the legality of the company's plan to cut 11,200 jobs in France and close its Aulnay assembly plant outside Paris next year.
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PSA Peugeot Citroen says it has delayed the implementation of its restructuring by 10 days until a Paris high court rules on the legality of the company's plan to cut 11,200 jobs in France and close its Aulnay assembly plant outside Paris next year.
The court says it will rule on April 26 on the lawsuit brought by the CGT and SUD unions seeking to block those actions. The labor groups contend PSA's provisions for Aulnay workers are inadequate.
The company had planned a meeting of its works council for Friday to finalize financial terms for employees involved in the reductions. After the rescheduled meeting on April 29, the program would take effect.
A Paris appeals court is hearing a separate lawsuit filed by CGT. The court ordered PSA in late January to suspend its plan until workers at affiliated parts maker Faurecia SA were briefed about how it would affect them. Now that the employees have been informed, the appeals court is expected to lift its order on Thursday.
PSA's other unions, which represent 76% of its workers in France, have agreed to the restructuring moves. CGT and its affiliate SUD refused to sign.
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