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Job cut report drives up Peugot Citroën's stock

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Job cut report drives up Peugot Citroën's stock

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PSA Peugot Citroën’s shares gained on a report that it is to cut more jobs than originally planned this year in France, up to 10,000.

With European car sales in freefall, Europe’s second biggest carmaker is in trouble with its first half results predicted to be “catastrophic” when they released.

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