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Auto Moto  |  July 23, 2012 00:50:05

French Prime Minister will discuss with the Director of Peugeot's plans for the automotive sector


PARIS (MEDIAFAX) - French Prime Minister Jean-Marc Ayrault on Monday meet with the CEO carmaker PSA Peugeot Citroen Philippe Varin, to discuss the plan for the automotive industry. The French government and the automaker tension after Peugeot recently announced plans for layoffs.

The meeting follows the announcement of 12 car July on the release of some 8,000 employees over the next two years and the closure assembly plant in Aulnay near Paris in 2014.

The aim of these plans is to stop operating losses of € 200 million a month in car manufacturing division. Trade unionists PSA announcement marked a "declaration of war" and threatened protests.

French Minister of Industry Arnaud Montebourg, who has already met Varín and union representatives, then to meet on Thursday with Thierry Peugeot.

Peugeot, the French Government for its plan to reduce staff greatly criticized. According to Thierry Peugeot is this criticism of the French government to address the reduction plan, PSA Peugeot Citroën has weakened. "We are ready to accept criticism, but there are certain boundaries," said Peugeot for the French newspaper Le Figaro in response to government papers, in which French President Francois Hollande said that the company lied about its plans.

The plant in Aulnay to be closed, employs over 3000 people. The factory will be of Aulnay, according to Reuters for the past 20 years, the first automobile race in France, which ends production. Race car manufacturer wants to transform, to pursue other activities. For about half the employees at the plant then the company will try to find jobs elsewhere within the group.Another approximately 1,400 people to leave the factory in Rennes in the west of France, where he works about 5600 people. Approximately 3600 people will be released in other factories.

"The attack against the company are immediately reflected on how investors perceive the situation," said Peugeot journalists question that faced the company's share price decline. He followed after the company announced that it plans to lay off 8,000 employees and close one factory.

The automaker also announced that first half net loss recognized in the main car manufacturing division will have an operating loss of around 700 million euros. Management also expects operating cash flow will remain until the end of 2014 in the red.

PSA is to publish results for the first half of this year, 25th July and by Varina on this occasion presented a plan to reduce capital expenditure. The French government then stated that the 25th July presented a plan to support the automobile industry and ensure that the automaker PSA found an alternative solution for all employees who lose their jobs at a factory in Aulnay.

PSA is also active in the Czech Republic, where the TPCA joint venture with Japanese automaker Toyota. TPCA already said in June that because of weaker demand will also have to reduce the number of employees. The company had in late May about 2800 workers. Worldwide PSA on its internet site employs 186 000 people. PSA Peugeot Citroën is the second largest German Volkswagen car manufacturer in Europe.

Tomáš Králíček, kralicek@mediafax.cz

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Francouzský premiér bude s ředitelem Peugeotu diskutovat o plánech pro automobilové odvětví

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