French car manufacturer Peugeot is set to cut 850 jobs at its Ryton plant in Coventry, due to falling sales of the Peugeot 206.
A company statement said: “Despite the Peugeot 206 continuing to be one of the best-selling retail cars in Europe, the small car [market] has seen a considerable broadening of the product offering. This has impacted on the sales volumes of the Peugeot 206.
“As a result, Peugeot has to review its manufacturing strategy for the car and to adjust its output in line with market demand.”
Unions are now demanding talks.