PSA Peugeot Citroen is hoping to axe 4,800 jobs in France this year as part of a cost-cutting drive. The firm will offer incentives for workers to accept voluntary redundancy as it looks to cut back amid falling sales and rising raw material costs.
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In January, the French group cut 2,300 UK jobs as it closed its Coventry plant and switched production to Slovakia. A month later, Peugeot said full-year net income sank to 176m euros from 1.03bn in 2005.
The carmaker said it should be able to reduce staff levels “without recourse to lay-offs”.
It will be calling a works council on 9 May as part of its efforts to put a voluntary redundancy plan in place.
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