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French car giant Peugeot Citroen sheds 8,000 jobs

France's biggest carmaker Peugeot Citroen has stunned the country by announcing 8,000 job cuts and the closure of an assembly plant near Paris.Unions have described the news as a "declaration of war" and an "earthquake". But bosses say the restructuring plan is the only way to safeguard the firm's future as it struggles with mounting losses. ...

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