Peugeot Citroen to cut 8,000 jobs
Peugeot Citroen is to cut 8,000 jobs in its domestic operations as a sharp downturn in the European market led to a loss in the first quarter.
PSA Peugeot Citroen cut its full-year operating margin target on Friday and said it planned to make ''massive'' production cuts in the fourth quarter after posting a 5.2 per cent fall in third quarter sales.