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

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July 31st, 2012

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.

 

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Neil King

Neil King is an automotive analyst at Euromonitor International, which he joined in 2011. Neil is responsible for spearheading Euromonitor’s automotive data and analysis providing a unique 15 year forecast of industry demand. Prior to joining Euromonitor, Neil was an Associate Director of the Automotive Group of IHS Global Insight.

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