PSA Peugeot Citroen shares drop nearly 5.0%
Paris - AFP
The price of shares in French carmaker PSA Peugeot Citroen fell by nearly 5.0 percent in early trade on Friday, the day after the group announced a radical restructuring with the loss of 8,000 jobs. PSA shares had risen sharply immediately after the announcement but on Friday they fell on the absence of a clear outlook for the group and strong political and labour hostility to the decisions, analysts said. The share was down 4.96 percent at 6.67 euros in a slightly higher market.
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