Peugeot Citroen seeks 4,800 job cuts

Newswire

PARIS, April 26 (Reuters) - French carmaker PSA Peugeot Citroen is seeking 4,800 voluntary job cuts in 2007 as part of efforts to reduce its cost base in the face of declining sales, the company said on Thursday. Breaking a taboo of announcing job losses during the French presidential elections, PSA said it was calling a works council meeting on May 9 to put a voluntary redundancy deal in place.

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