The PSA Group has reached an agreement with all the social partners to incorporate its two distribution subsidiaries SCC (Citroën) and SCA (Peugeot) into one and the same company PSA Retail France SAS, which is positioning itself as the First distribution group in France.

PSA Retail France SAS, which will incorporate the French subsidiaries, Citroën and Peugeot, has merged with the creation of a unique company in France, PSA Retail France SAS,).

The company thus, of nearly 5 billion Euros in turnover, could position itself as the leading distribution group in France, ahead of Renault Retail Group (4.6 billion in 2015) and PGA Motors (4.75 Billion in 2016, including Belgium).

For a year now, a single director, Hervé Krux, was responsible for the two companies that communicated under the name PSA Retail but still had to get union agreement to merge the statutes of 5000 employees of both companies.

All the unions - CFDT, CFE-CGC, CFTC, CGT, and FO - have signed this agreement, which will transfer the employment contracts to the new company, from the first of June 2017, without loss of seniority, of course. Several negotiating sessions were needed to approach and converge fields as varied as the time-savings account, days of seniority, the right of additional holidays, the harmonization of the value of restaurant titles ... "Specifically, his agreement gives a name to the family of all the employees of PSA Retail France and reinforces the belonging of each one to this family," said Philippe Lefèvre, PSA Retail HR Director.

Opportunities, synergies and profitability

With this incorporation, the opportunities for advancement or career change will be larger within PSA Retail France, says the group. The incorporation must also foster synergies and savings in order to achieve the profitability target imposed on PSA Retail by 2020.

This merger will also facilitate the management of common operations: on real estate, with more and more common points of sale of the three brands; concerning the internet, with the creation of a single VO sales site; concerning spare parts, with the creation of common PR platforms (12 in France and 40 in Europe for PSA Retail), and finally, in the case of fleet sales, with multi-brand leasing contracts, PSA Lease.
PSA Retail France SAS is the second subsidiary to combine Peugeot and Citroën, but the biggest in terms of size, representing more than 70% of PSA Retail activity in Europe. This was already the case of the PSA distribution subsidiary in the UK, which retained the name of the Peugeot subsidiary, Robins & Day.

Xavier Champagne

In 2015, PSA Retail, PSA's management of the Group's various distribution subsidiaries, sold 300,000 VN and 200,000 VOs in 13 countries, through 285 points of sale, realized more than 5.1 million hours of after-sales and sold for 1.3 billion Euros of PR, for a total turnover of more than 7 billion Euros.

Original Source: autoactu.com
 

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