UPDATE 2-Peugeot increases cuts, prepares closure -unions

Newswire

(Adds comment, detail, background) By Laurence Frost and Gilles Guillaume PARIS, June 28 (Reuters) - Struggling French car maker PSA Peugeot Citroen is seeking additional cost savings this year and freeing capacity at one of its two Paris plants to prepare for the other's closure, union officials said after talks with management. Chief Executive Philippe Varin told workers' representatives on Thursday that the existing 1 billion euro ($1.25 billion) savings goal "will not be enough", senior ...

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