Peugeot and Citroen to Create 900 Jobs in the UK

Strategic Insights -

The UK's car manufacturing sector has received a significant boost as Peugeot and Citroen, two of the country's major car manufacturers, plan to create 900 jobs in the UK. According to Stephen Byers, the Trade and Industry Secretary, 200 of these jobs will be created as part of the Government's New Deal scheme for the jobless. The investment is expected to increase production of the popular 206 model, which has seen unprecedented demand across Europe.

Key Takeaways:

  • Peugeot and Citroen plan to create 900 jobs in the UK, with 200 jobs being established as part of the Government's New Deal scheme for the jobless.
  • The investment is expected to increase production of the 206 model, which has seen unprecedented demand across Europe.
  • The regional selective assistance provided by the Government will help with the expansion of production at the Coventry factory.
  • Richard Parham, Peugeot's managing director, stated that the extra production underlines the competitiveness of the UK as a manufacturing base.
  • The investment is expected to provide many new opportunities for long-term unemployed people to get back into work, supported by Government-funded training.
  • Stephen Byers, the Trade and Industry Secretary, has welcomed the investment and highlighted the potential benefits for the local community.
  • BMW is also seeking up to £200 million in grant aid to help build a new model at the Longbridge plant in Birmingham.

Statistics:

  • 900 jobs to be created in the UK by Peugeot and Citroen
  • 200 jobs to be created as part of the Government's New Deal scheme
  • Unprecedented demand for the 206 model across Europe
  • Extra production expected to increase competitiveness of the UK as a manufacturing base
  • £200 million in grant aid being sought by BMW to build a new model at the Longbridge factory

Sources:

  • The Guardian
  • BBC News
  • UK Government Press Release