Peugeot And GM Workers Lose Jobs Battle

May 2006 | Company Finance Alert

French carmaker PSA Peugeot Citroen has rejected an offer from UK trade union representatives, aimed at saving the company's plant in Ryton, Coventry. A plan put forward by leaders of the Transport and General Workers' Union and Amicus, had suggested introducing a new model to be built at Coventry, rather than expanding a plant in Slovakia. The union had also agreed as art of the plan to reduce the Ryton workforce by half over the next five years in time for the launch of a new model in

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