Sarkozy Peugeot aid fails to stop job cuts
China Daily | Updated: 2009-02-13 07:52
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A Peugeot showroom is seen in Paris. Bloomberg News |
French President Nicolas Sarkozy granted PSA Peugeot Citroen 3 billion euros to safeguard local jobs. Two days later Chief Executive Officer Christian Streiff said he'd seek to slash the home workforce by 3,000 and pledged to continue building cars abroad.
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