Sanofi bows to Paris pressure over job cuts

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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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