French carmaker PSA Peugeot Citroen said on Tuesday it planned to close a central England plant, eliminating 2,300 jobs in another blow to Britain's fading glory as a carmaking centre.
The world's sixth-largest carmaker, which has been battling with sluggish sales at its main markets in western Europe, said high costs meant it could no longer afford to carry on investing in the Ryton plant near Coventry. Peugeot said it would consult trade unions over the UK plant closure. The company said it would provide a support package for staff and aim to help as many workers as possible find alternative employment.
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