Sarkozy announces huge job cuts
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France's president vows to cut thousands of civil service jobs, as unions threaten strikes over pension reform.
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The French finance minister Nicolas Sarkozy fired the first serious shots yesterday in his campaign to become the next president when he presented a budget designed to show his capacity for both fiscal rigour ...
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Following Kodak&#39;s announcement in January to halt production of film cameras it is cutting jobs at manufacturing sites in France and the UK resulting in the loss of around 870 jobs.
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President Nicolas Sarkozy reshuffled his cabinet on Tuesday after losing a key minister in a parliamentary election and made former international lawyer Christine Lagarde France's first female economy minister.
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A German official said his country would lose about 3,500 jobs and that about 4,500 would be trimmed in France in a cost-cutting effort.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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French teachers went on strike on  Thursday, the third day of public sector protests over pay,  reforms and job cuts that have sent a sharp warning to  President Jacques Chirac's conservative government.
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A shake-up at Airbus will slash 10,000 jobs and sell all or part of six factories, French trade union CGT confirmed on Wednesday, as workers protested and politicians hailed a hard-fought compromise.
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Paris' subways slowed to a halt and rail lines were disrupted Thursday during a massive strike in France that was expected to give President Nicolas Sarkozy his first real test after five months in office.Unions are protesting Sarkozy's plan to trim special retirement packages for some workers, part of his pledges to cut back on costly public services. The strikes began late Wednesday and were to last through Thursday.The first mass-scale problems for travelers and commuters were expected at Thursday morning rush hour. Paris transport authority RATP said traffic would be 'virtually nil' on most of its lines. The national rail network said it would be 'nearly paralyzed.' Read more
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President Nicolas Sarkozy has sprinkled the parched French economy with dozens of little enticements since his election in May, all paving the way for an assault on the crux of France's woes: the labor laws.
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The BBC has confirmed plans to axe 2,900 jobs over the next three years under moves to make savings of Â£320 million. In a special message to staff, director general Mark Thompson said 2,500 jobs will be cut
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BERLIN/PARIS (from news wires) - President Nicolas Sarkozy of France faced setbacks on two starkly different domestic fronts Thursday: a wave of strikes that swept through France and an official announcement that his 11-year marriage had come to an end. The 24-hour strike halted most trains, subways and buses around the country, which led to the cancellation of and classes at some schools and theatrical performances. Only 46 of the country's 700 high-speed trains were running. Many museums were closed. Workers at the state-owned electric and gas utility companies joined the walkout, leading to a reduction in electricity output. Meanwhile, all across Germany, commuters faced major disruptions for the second time in a week as train drivers began a new strike early on Thursday to support pay demands.
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More than 430 jobs will be lost at car giant Vauxhall in Britain, including 340 from Merseyside, under a huge cutback across Europe aimed at making savings.
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President Nicolas Sarkozy on Tuesday shook up his cabinet, putting a woman in charge of the French economy for the first time and naming a new government number two, after his party lost seats in parliamentary elections.
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French Finance Minister Nicholas Sarkozy is to reveal his budget for next year on Wednesday.
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PARIS - French President Nicolas Sarkozy's first real test after five months in office comes at rush hour today, with a strike disrupting flights and trains around Europe, and stripping Paris of public transport - all because of anger over plans to trim some retirement packages.
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TOULOUSE, France - Troubled planemaker Airbus confirmed 10,000 job cuts and announced plans to sell all or part of six factories on Wednesday, as workers protested and ...Comment