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Peugeot Citroen cuts


CAR giant Peugeot Citroen plans to cut as many as 2,450 additional jobs next year through incentives such as early-retirement packages.

The plan, detailed in an internal document obtained by Bloomberg, comes on top of Peugeot's goal of eliminating 11,200 jobs in France, or 17pc of the company's domestic workforce, by the end of this year.

The deeper cuts show that Peugeot's turnaround efforts are still ongoing, even after it reported its first profit in three years in the first half of 2014.