Peugeot says plans temporary plant closures

Newswire

BRUSSELS, Oct 29 (Reuters) - PSA Peugeot Citroen chief Christian Streiff outlined a plan on Wednesday for temporary closures at its plants this year due to the economic slow-down. "What we are planning to do is, between now and Christmas, to shut down plants for the equivalent of 20 days," he told reporters after talks in Brussels with the European Commission. PSA Peugeot Citroen last week slashed its 2008 profitability outlook and announced "massive" production cuts to combat the crisis ...

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