The agreement called ‘a new boost for growth’ takes over from the ‘new social contract’, which was signed in 2013, and which saved Peugeot from bankruptcy (c.f. article No. 7878). Negotiated since May 2016, the agreement was signed by five out of six trade unions, which illustrates “social partners’ trust”, underlined Xavier Chéreau, Head of PSA Group HR, in a press statement.
The FO, CFE-CGC, CFTC, and SIA-GSEA unions agreed on the text on 07 July and the CFDT gave its agreement the...