Departure rate at Ryton prompts end of activity in January 2007

With almost a quarter of the remaining workforce having asked to leave the Company during the past weeks, PSA Peugeot Citroën has today announced to employees that activity at the plant will cease in January 2007.

Since moving to one shift in August, the company has received an increasing number of requests to leave from employees wishing to start new jobs and the rate of these requests is accelerating. This situation has prompted the Group to review the timing of the end of activity at Ryton.

In conjunction with the Government and local agencies comprising the Peugeot Partnership, the Company’s £5 million Resource Centre dedicated to helping staff at Ryton currently has more than 6,000 pre-qualified job opportunities available. In addition PSA Peugeot Citroën itself has a further 100 redeployment opportunities within the Coventry area. The Resource Centre will continue to operate as long as necessary.

Production at Ryton has already been reduced to 160 cars per day to provide enough flexibility for staff to leave as and when they wish.