Peugeot S.A. Cutting Jobs in wake of Eurozone Crisis

Peugeot S.A., or PSA, the manufactures of Peugeot and Citroen vehicles, recently announced that it would be cutting over 8,000 jobs and closing down a plant near Paris in 2014. Neil King, automotive industry analyst at Euromonitor, states that the Eurozone debt crisis is mostly to blame for PSA's plans, but other car manufactures are also encroaching on PSA's territory, giving consumers alternate choices when buying automobiles. King states that PSA may want to consider entering global markets, as many of its competitors have done.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.