French President Francois Hollande’s government has done a complete about-face on the issue of huge job cuts at car manufacturer Peugeot.
In July, Hollande branded Peugeot’s plan to cut 8,000 jobs and shut its Aulnay plant near Paris as “not acceptable in its current form.” But a report released today that was commissioned by his Industry Ministry said that due to the downturn in Europe’s car market and Peugeot’s overcapacity, “the group must...
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