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French car giant Peugeot Citroen to cut 8,000 jobs

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French car giant Peugeot Citroen to cut 8,000 jobs

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French carmaker Peugeot Citroen has announced 8,000 job cuts and the closure of an assembly plant outside Paris as it struggles with mounting losses.

Europe’s second largest carmaker says the Aulnay plant, which employs 3,000 workers, will halt production in 2014 as part of a reorganisation.

Some 1,400 jobs will go at its plant in Rennes in western France with some 3,600 non-assembly jobs also to be scrapped across the company.

Peugeot’s sales have slumped amid the economic crisis in its austerity-stricken core European markets.