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Peugeot SA To Shut Site Near Paris; Plans To Sell Building At Meudon; To Cut 8,000 Jobs-Reuters


Wednesday, 22 May 2013 12:46am EDT 

Reuters reported that Peugeot SA plans to close a research and administrative site near Paris and transfer its 660 workers to other plants as part of the French carmaker's cost-cutting plans, according to an internal document. The group also plans to put the building at Meudon, on the outskirts of Paris, up for sale. The carmaker is cutting 8,000 jobs under a restructuring plan aimed at coping with a slump in auto demand in Europe. 

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