PARIS, April 29 PSA Peugeot Citroen
unions voted on Monday to back plans to cut thousands of jobs
and close a plant, the central plank of the French carmaker's
efforts to halt ongoing losses.
A majority of unions had agreed last month to back the plan,
including 8,000 French job cuts and the closure of Peugeot's
Aulnay plant near Paris. But the cuts were delayed by a legal
challenge filed by the leftwing CGT and Sud labour groupings.
The Paris high court rejected the dissident unions' latest
challenge on Friday, clearing the way for the cutbacks to take
Union officials approved the key restructuring measures by
18 votes to two, an official from the CFTC union said after a
works council meeting on Monday.
Peugeot has been running losses of as much as 200 million
euros ($260 million) a month and only plans to return to profit
Unveiling a further 6.5 percent decline in first-quarter
revenues last week, Peugeot said it planned to seek further
savings by negotiating labour concessions in such areas as
working time and wage restraint.
($1 = 0.7676 euros)
(Reporting by Laurence Frost and Gilles Guillaume; editing by