French court suspends Peugeot Citroen restructuring plansJanuary 29, 2013 - 16:00 AMT PanARMENIAN.Net - A court in France has suspended the restructuring plans of Peugeot Citroen, saying the carmaker had failed to consult some of its employees properly, BBC News reported. The plans are controversial in France, as they involve 8,000 job cuts in the country and closure of a Paris factory. Peugeot said it would continue to negotiate the cuts with unions, despite the Paris appeal court ruling delaying their implementation. The ruling upheld complaints by workers at parts-supplier subsidiary Faurecia. The CGT union successfully argued that Peugeot had not fulfilled legal obligations to notify the worker committees at two Faurecia sites that are likely to be affected by the planned closure of the carmaker's factory at Aulnay, near Paris. Peugeot had hoped to complete the restructuring by March. It said it would go ahead with planned negotiations with the company's main workforce in February, and would initiate talks with Faurecia workers as soon as possible. The French government called on Peugeot last year to scale back its plans. However, the company, like of all its European rivals, faces a depressed home market. Car sales in the EU fell 8.2% last year from 2011. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |