Employees of “Auto Chassis International” owned by French automaker Renault, attend a rally to protest against job cuts in Le Mans, western France on January 23, 2013. Renault has officially warned unions that car factories will close unless they seal an agreement of salary cuts and thousands of layoffs in the floundering company. “If there is no deal, it is impossible to leave things... 

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...