Peugeot axes 700 jobs at British factory

PARIS, March 26 (AFP) – PSA Peugeot Citroen is to cut 700 jobs at its factory in Ryton central England, a spokesman for the French carmaker said Friday.

“We have just begun talks with our social partners to try to find internal jobs or with local authorities to limit the measure’s impact as much as possible,” the spokesman said.

The factory employs 3,300 people and makes Peugeot’s popular compact 206 model.

© AFP

                                                              Subject: France news