January 19, 2018 / 1:24 PM / 4 months ago

Peugeot wins union backing for 1,300 domestic job cuts

PARIS (Reuters) - Peugeot maker PSA Group (PEUP.PA) said on Friday it had won unions’ backing for plans to eliminate 1,300 jobs using a new form of voluntary cuts introduced by President Emmanuel Macron.

The logo of Peugeot, part of French carmaker PSA Group, is seen on a car at a dealership of the brand in Saverne, France, January 9, 2018. REUTERS/Vincent Kessler

Five out of the carmaker’s six unions approved the job cuts, which are balanced by an identical number of new permanent hires, PSA said in a statement.

    PSA, which has been trimming its French workforce under Chief Executive Carlos Tavares, is among a first handful of companies to use the new flexible labour measures introduced within months of Macron’s election last May.

    The planned cuts were approved by the CFDT, CFE/CGC, CFTC, FO and GSEA unions. The leftwing CGT refused to lend its support for what it described as “this latest redundancy plan”.

    Reporting by Laurence Frost; Editing by Elaine Hardcastle

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