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Peugeot factory hit by Iran sanctions fallout

AFP
Iranian technicians work on parts for Peugeot 206 cars at the Iran Khodro auto plant, west of Tehran, in 2008. Operations at a Peugeot auto plant in northeastern France have been suspended until at least September because of the lack of spare parts from Iran, union officials said on Thursday.

Operations at a Peugeot auto plant in northeastern France have been suspended until at least September because of the lack of spare parts from Iran, union officials said on Thursday.

"There is a tentative plan to resume activity and shipments in September," CFTC union official Franck Don told AFP after a work's council meeting.

Management from PSA Peugeot Citroen last week put 220 employees at its Vesoul factory in partial redundancy for the month of April due to a slowdown caused by blocked shipments from Iran.

This latest decision will require redeploying another 300 workers and the axeing of 300 part-time jobs, a CGT union source said.

PSA Peugeot Citroen halted activity with Iran on February 20 when economic sanctions against the Islamic Republic for its nuclear programme came into effect.