Peugeot to cut pension packages-paper

Newswire

PARIS, March 19 (Reuters) - French carmaker PSA Peugeot Citroen is to cut the size of its executive pension packages, French daily Les Echos reported, months after public criticism forced former chief executive Philippe Varin to turn down his pension. The struggling carmaker's supervisory board has approved new methodology that cuts the amount provisioned by the company for executive pension packages to 16 million euros ($22.26 million) for 2013 versus 70 million for 2012, Les ...

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