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    Peugeot announces massive layoffs

    Al Jazeera English

    by Al Jazeera English

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    France's largest carmaker, Peugeot Citroen, has announced it is cutting 8,000 jobs.

    3,000 will go as a result of the closure of a car plant near Paris - the first to shut in France for 20 years.

    It's a blow for new President Francois Hollande's jobs and growth agenda, as Simon McGregor-Wood reports from Paris.