Peugeot S.A. Cutting Jobs in wake of Eurozone Crisis

July 31st, 2012
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone


Peugeot S.A., or PSA, the manufacturer of Peugeot and Citroen vehicles, recently announced that it would be cutting over 8,000 jobs and closing down a plant near Paris in 2014. Neil King, automotive industry analyst at Euromonitor, states that the Eurozone debt crisis is mostly to blame for PSA's plans, but other car manufacturers are encroaching on PSA's territory and the group is benefitting less than most OEMs from growth markets outside Europe.


Download this episode as an MP3

Have a question or a thought to add? Leave us a comment below.