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France's Renault to cut 7500 jobs by 2016
French car sales slump 7.8% percent in October.
France’s Renault has announced some 7,500 layoffs by 2016 as the floundering company seeks to sharpen its competitive edge.
Renault said on Tuesday that it has settled with unions over making 5,700 redundancies through natural attrition after making employees retire three years earlier.
“If an agreement is signed with unions, this staff redeployment...
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