You are here: Home » International » News » Companies
Business Standard

Peugeot plans 1,300 French job cuts under new law in 2018: Official

The Peugeot maker is among a first handful of companies to make use of the new flexible labour measures introduced by decree within months of Macron's election last May.

Reuters  |  Paris 

French carmaker PSA Group said on Tuesday it plans to eliminate 1,300 French jobs in 2018 using a new form of voluntary cuts introduced by President Emmanuel Macron. The departures, roughly equivalent to buyouts, are part of 2,200 voluntary job cuts planned this year, down from 2,670 in 2017, a company spokesman said, confirming comments by a CFTC union representative. The figure excludes thousands of new hires and job eliminations by attrition. The Peugeot maker is among a first handful of companies to make use of the new flexible labour measures introduced by decree within ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, January 09 2018. 23:35 IST
RECOMMENDED FOR YOU