France -Cut of production costs at PSA -October 24, 2013

The Paris-based company PSA/Peugeot-Citroen said in a statement that it has reached a deal with trade unions to reduce fixed costs at French factories, a key step as it looks for new partners to expand and shore up its finances. According to the statement trade unions representing more than 60% of workers signed an agreement to freeze salaries in 2014 and reduce overtime pay in exchange for investment guarantees and new models.

English: http://europe.autonews.com/article/20131024/ANE/310249926/psa-reaches-deal ...  

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.