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French Car Manufacture Closes Factory
June 12, 2012

The ever popular French giant PSA Peugoet Citroen has recently released a statement in which they plane to close and assembly plant. 

PSA Peugoet Citroen will close its factory in Aulnay ( just outside Paris ) which it opened in 1972 in 2014.

The devastating news also includes plans to reduce PSA's employee numbers by introducing cuts at some of its other sites by 8000. 

Further disappointment for PSA in that they also expect to post accounts showing a loss for the first half of this year but predict to be able to turn this around by the end and brake even by the end of 2014.

It is no surprise to industry experts as Peugoet Citroen's factory's has been working well below capacity for some time, the down turn said to be attributed to Peugoet Citroen's constant struggle to compete competitively with other car manufactures who base their production in Eastern Europe.

So what of the Aulnay factory and its employees which currently builds the C3?

While some job losses are inevitable the good news is that the factory is planned to be converted to be able to provide other business avenues for PSA and will be able to offer new positions for around half of its 3,000 employees.

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