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Sanofi bows to Paris pressure over job cuts

Drugmaker Sanofi is to scale back planned layoffs under pressure from the French government. Sanofi will now shed around 900 jobs in France over the next three years - its initial total was up to 2,500, according to union estimates.French Industry Minister Arnaud Montebourg, who had called the layoffs "unacceptable", said the company had now listened to reason....

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