PSA Peugeot Citroen will leave its central offices

0
PSA Peugeot Citroen will leave its central offices

Advertisment

The headquarters of PSA Peugeot Citroen, for more than half a century, are located less than a kilometer away from the iconic Arc de Triomphe in Paris, but the French automaker, in an effort of reducing costs, plans to leave its central office, carrying the headquartered outside of Paris.





PSA Peugeot Citroen will leave its central offices

The CEO of PSA, Carlos Tavares recently presented to the Supervisory Board a plan for the withdrawal of the headquarters building of the street of 75 Avenue de la Grande Armée, which they sold in 2012 for €245.5 million and today they rent it with leasing for €50 million per year. The new headquarters will be located outside of Paris, near the Poissy factory, located one hour away from the city. The 500 of the approximately 1,500 workers employed in the current headquarters will move to other offices of PSA in Paris, with the remaining 1,000 going to the new building.