Peugeot to slash 8,000 jobs in Europe

Peugeot to slash 8,000 jobs in Europe

PARIS - Agence France-Presse
Peugeot to slash 8,000 jobs in Europe

A picture taken on April 13, 2012 in Sausheim, shows employees working on citroen c4 and DS4 production lines of the French car maker PSA Peugeot Citroen. AFP photo

French auto group PSA Peugeot Citroen said today it would cut 8,000 jobs in its domestic operations as a sharp downturn in the European market led to a loss in the first quarter.
 
PSA, France's biggest carmaker and second in Europe to Germany's Volkswagen, said it expected the European market to shrink 8.0 percent this year and had to adjust its business in the face of a worsening outlook.

job cut,

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Erdoğan: Womens participation in governance critical

Erdoğan: Women's participation in governance 'critical'
LATEST NEWS

  1. Erdoğan: Women's participation in governance 'critical'

    Erdoğan: Women's participation in governance 'critical'

  2. German FM to visit China for economic talks

    German FM to visit China for economic talks

  3. Netflix to acquire Warner Bros Discovery for nearly $83 bln

    Netflix to acquire Warner Bros Discovery for nearly $83 bln

  4. Özel affirms İmamoğlu as presidential candidate, rules out own bid

    Özel affirms İmamoğlu as presidential candidate, rules out own bid

  5. Economic program to enter third phase next year: Şimşek

    Economic program to enter third phase next year: Şimşek
Recommended
Netflix to acquire Warner Bros Discovery for nearly $83 bln

Netflix to acquire Warner Bros Discovery for nearly $83 bln
Economic program to enter third phase next year: Şimşek

Economic program to enter third phase next year: Şimşek
German factory orders rise more than expected

German factory orders rise more than expected
Sixth drilling vessel to be deployed to Black Sea: Minister

Sixth drilling vessel to be deployed to Black Sea: Minister
Health expenditure increases 90 percent last year

Health expenditure increases 90 percent last year
Defense, aviation exports climb to record high in 11 months

Defense, aviation exports climb to record high in 11 months
Geo-economic uncertainty to shape gold prices: Council

Geo-economic uncertainty to shape gold prices: Council
WORLD German FM to visit China for economic talks

German FM to visit China for economic talks

Germany's foreign minister heads to China this weekend for talks focused on tense economic ties between Europe and Beijing, particularly in the area of rare earths, Berlin said Friday.
ECONOMY Netflix to acquire Warner Bros Discovery for nearly $83 bln

Netflix to acquire Warner Bros Discovery for nearly $83 bln

Streaming giant Netflix has agreed to acquire film and television studio Warner Bros. Discovery for nearly $83 billion, the two U.S. companies announced Friday.

SPORTS Fenerbahçe salvages derby draw in final minute

Fenerbahçe salvages derby draw in final minute

Jhon Duran scored with a powerful header in the final moments of second-half stoppage time to salvage a 1-1 draw for Fenerbahçe against league leader Galatasaray in a fiercely contested Intercontinental Derby on Dec. 1, preventing the visiting side from increasing its lead at the top of the Turkish Süper Lig table.