Bloomberg Turnaround: How Tavares Put Peugeot Back in The Race

Carlos Tavares successfully turned around Peugeot Citroen and Opel, focusing on profitability and cultural change. He engaged with unions to support cost-cutting measures, leading to significant improvements. The unions, representing 80% of the workforce, backed strategic and performance plans, contributing to the company's success. Tavares' approach emphasized simplicity and collaboration, resulting in a competitive and profitable PSA Group.

Describe the initial working conditions of employees at PSA Group when Tavares joined.

What was the response of the unions when Tavares suggested easing up on the accelerator pedal?