Peugeot goes for massive cost cutting - Slash 10,000 Jobs and curtail investment - will the earnings improve?
Roselyn Seranova
Sep. 26, 2006

Europe's second-largest carmaker is hopeful that slashing 10,000 jobs and cutting down on investments will improve the bottomline. Peugeot announced massive cost cutting initiatives. It will slash 10,000 Jobs and curtail investment.

Analysts have started how much will the car maker really save?

The earnings will actually go down in the short run before any improvement is seen. The productivity in its operations are already quite high. The car maker does not plan outsourcing car parts from other countries with cheap labor.

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