Bloomberg Turnaround: How Tavares Put Peugeot Back in The Race

Bloomberg Turnaround: How Tavares Put Peugeot Back in The Race

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

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FREE Resource

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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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