PSA Peugeot Citroen is planning an Opel-sized thinning of its French workforce, Reuters says, citing comments of Jean-Pierre Mercier, union representative at Peugeot’s factory in the Paris suburb of Seine-Saint Denis. The union claims that PSA wants cut 5,000 jobs. And guess who’s to blame?
Left Party presidential candidate Jean-Luc Melenchon says credit ratings agencies are behind the decision. Moody’s had recently lowered Peugeot’s credit rating to negative.
“The result: even though the company’s profits rose 18 percent in the first half of 2011, the owner throws thousands of workers into the streets to ‘reassure the markets’,” said Melenchon.
Occuper la Bourse de Paris !