Today 09/30/2016 - 05:08:22 PM
Peugeot SA 13.495€
CAC 40 4,422.09 PTS
To meet strong demand in the Chinese market, the Valenciennes mechanical components plant has scheduled the additional production of 5,500 AL4 automatic transmissions from April to June 2014. In response, management announced at a Works Council meeting that at the end of March, two shifts – a permanent night shift and a weekend shift – will be organised on the automatic transmission production line.
Organising these two shifts will enable the hiring of around 50 temporary employees and the introduction of three additional work sessions in April.
Daily output of the AL4 automatic transmission will increase from the current 1,300 units to 1,600 in April, 1,800 in May and nearly 1,900 in June.
Including the five and six-speed manual gearboxes and the manual compact automated gearbox, total daily production at the Valenciennes plant will rise to 6,100 units in April, 6,750 in May and 6,900 in June.
The plant exports more than 70% of its total automatic transmission output to Chinese customers.
These transmissions equip half of all the vehicles sold by the Peugeot and Citroën brands worldwide. The Valenciennes plant currently employs 2,200 people.