Peugeot to close plant and cut 2,300 jobs
French firm PSA Peugeot Citroen SA today announced it would cut 2,300 jobs in Britain as it phases out production of the 206 subcompact car at its Ryton plant near Coventry.
In a statement, Peugeot said it had decided not to upgrade the plant to produce newer models after production ends in mid-2007.