Ron Burgundy Posted October 24, 2012 Share Posted October 24, 2012 PARIS (Reuters) - French carmaker PSA Peugeot Citroen will name representatives of the French state and trade unions to its supervisory board in return for a financial guarantee from the government, Prime Minister Jean-Marc Ayrault said on Wednesday. Ayrault said he had also asked Peugeot CEO Philippe Varin to redesign a restructuring plan involving some 8,000 job cuts and the closure of a plant near Paris. He also said the struggling carmaker should halt dividend payments and share buybacks until its finances were back on an even keel. ... http://news.yahoo.com/peugeot-name-state-representative-board-pm-091749306.html Quote Link to comment Share on other sites More sharing options...
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