Struggling French carmaker PSA Peugeot-Citroen announced Thursday a drastic cost-cutting plan to slash 8,000 jobs in France and close a factory north of Paris, as it faces diving sales in crisis-hit southern Europe.
Jean-Marie Godard, Associated Press, Boston Globe: Business
Thu, 07/12/2012 - 5:09am
Struggling French carmaker PSA Peugeot-Citroen announced Thursday a drastic cost-cutting plan to slash 8,000 jobs in France and close a factory north of Paris, as it faces diving sales in crisis-hit southern Europe.