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Peugeot Citroen says to idle Slovak plant four days

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(Globalpost/GlobalPost)

French auto giant PSA Peugeot Citroen said Monday it would temporarily suspend production at its Slovak plant for four days in March, after a four-day freeze in February over low demand.

"The situation on the market hasn't changed, we see no signs of improvement in the European Union," the company's main market, spokesman Peter Svec told AFP.

"PSA in Trnava, western Slovakia, will freeze output for four more days in March," he added.

According to local media, PSA's 3,500 employees will receive 65 percent of their normal wages during the stoppage.

The plant, which rolls out the Citroen C3 and the new Peugeot 208, assembled a record 215,000 cars last year and is expected to top the figure this year.

Slovakia's auto sector posted record output of 900,000 vehicles in 2012, despite gloom in the European Union -- its key export market, according to the Slovak automotive industry.

The eurozone country of 5.4 million is home to three big plants run by German giant Volkswagen, South Korea's Kia and PSA Peugeot Citroen.

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http://www.globalpost.com/dispatch/news/afp/130211/peugeot-citroen-says-idle-slovak-plant-four-days