France's Hollande: Peugeot must renegotiate layoff plan

French President Francois Hollande said on Saturday that car maker Peugeot must renegotiate its proposal to lay off 8,000 workers and close one of its assembly plants to ensure that the social impact of ...

The incredibly inept policies of French president Francois Hollande are back in the news. Hollande is following up on his proposal to not let companies fire workers, starting right now with French car maker Peugeot's Plan to Cut 8,000 Jobs, Close Plant An article in El Pais has better details of Hollande's denial of reality than I have found elsewhere.

Citing a plunge in auto sales, Peugeot to Cut 8,000 Jobs, Close Plant  French carmaker Peugeot Citroen has set out plans to cut 8,000 jobs and close an assembly plant outside Paris as losses mount.  Last week, Peugeot said its first-half sales had fallen 13% amid a "profound crisis" in its eurozone markets. Peugeot's chairman, Phillipe Varin, said the situation was grave.

As France slides deeper into recession, Public confidence in Hollande slides. 54% are unhappy with president François Hollande's overall performance. Only 33% trust government to cut debt Only 40% think Hollande can find a solution to the eurozone crisis. However, people are happy with free money. They approve Hollande's reducing the retirement age to 60, from 62, for some workers.

PARIS (Reuters) - Air France announced more than 5,000 job losses under a cost-cutting plan o