Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UK engaging with Peugeot's Vauxhall over job cuts at car plant

Published 09/01/2018, 17:12
© Reuters. File photo of Vauxhall vehicles standing in the car park outside the Vauxhall Motors plant, in Ellesmere Port
PEUP
-

LONDON (Reuters) - The government is in contact with Peugeot's (PA:PEUP) British brand Vauxhall over job cuts at its north of England Ellesmere Port plant after the French automaker announced a further 250 roles will go, Prime Minister Theresa May's spokesman said on Tuesday.

"We are engaging with Vauxhall throughout the process. We have been doing so and will continue to do so," he said.

"They are now in a period of consultation. We fully appreciate that it will be a concerning time for the factory's workers as well as the supply chain and we, as ever, stand ready to support those affected."

© Reuters. File photo of Vauxhall vehicles standing in the car park outside the Vauxhall Motors plant, in Ellesmere Port

Peugeot-maker PSA said on Monday it would make more redundancies at the plant, reducing the workforce by a third as part of efforts to make it more efficient.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.