Peugeot cuts 700 UK jobs as car sales drop -papers

Newswire

LONDON, March 26 (Reuters) - French carmaker PSA Peugeot Citroen is to cut 700 jobs at a British plant because of slower demand across Europe for the range of 206 models built there, UK newspapers reported on Friday. The papers said Peugeot will end a fourth shift at its Ryton plant near Coventry, cutting about 46,000 cars from its annual production, about a quarter of the plant's output. Peugeot UK could not immediately be reached for comment. Europe's second-biggest automaker last ...

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