UPDATE 5-Peugeot seeks 4,800 job cuts as 1st-qtr sales rise

Newswire

(Adds labor union reaction) By Marcel Michelson PARIS, April 26 (Reuters) - French carmaker PSA Peugeot Citroen on Thursday reported first-quarter sales up 6.5 percent at 14.87 billion euros ($20.28 billion) and said it was seeking 4,800 voluntary job cuts in France to reduce costs. The sales figure from Europe's second-biggest car group was above the 14.24 billion euro average forecast in a Reuters poll of nine analysts. It said its market share in Europe was 14.3 percent against ...

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