Reuters.com French Industry minister Arnaud Montebourg called on the management of struggling car maker PSA Peugeot Citroën (PEUP.PA) to divulge its intentions for the future of several of its plants quickly, as fears mount over future job cuts.
Europe’s second-biggest automaker is looking for ways to make more cost savings this year and preparing to shut down one of its two Paris plants, union officials said on June 28.
“The decisions that you could take would undoubtedly have consequences on the entire car industry and especially outsourcing,” Montebourg said in a letter addressed to Peugeot Chief Executive Philippe Varin.
“I would like as a result that the PSA’s management makes its intentions known as quickly as possible.”
Unemployment has risen for 13 months in France with the number of jobless people hitting the highest level in April since August 1999, the last month for which figures are available.
