Peugeot Citroen to cut at least 2,700 jobs
PARIS - French automaker PSA Peugeot Citroen said Thursday it plans to cut at least 2,700 jobs in response to the worsening economic crisis that has seen European car sales plummet.
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.