Court Ruling Delays Peugeot Job Cuts -- Finspreads
The company said that despite the ruling, it would continue with negotiations with unions about the cuts. The court order comes after complaints from workers at the parts supplier subsidiary Faurecia.
It was the CGT union who managed to successfully argue that Peugeot had failed to respect legal obligations to state that two of the Faurecia sites were likely to be affected by the planned closure of the manufacturer's factory in Paris.
The company's difficulties have arisen due to a depressed home market that has affected many of its other European rivals, with EU car sales down by 8.2 per cent since 2011.
At 1345GMT during trading in Paris, Peugeot's shares were valued at EUR 6.24, a fall of 1.06 per cent.
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2013년 3월 22일 14:08
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2013년 3월 20일 17:45