Hollande Jobs Pledge Faces Test as Corporate France Readies Cuts
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France Inc. risks losing more than 15,000 jobs in the months ahead, testing Socialist President-elect Francois Hollande’s resolve to block firings.
Companies from Carrefour SA and Peugeot SA to Air France-KLM and Vivendi SA are reorganizing operations to counter shrinking growth as the economy at home and across Europe slows. The presidential race prompted many companies to put job-cutting plans on hold to avoid becoming a campaign subject. With the May 6 vote behind them, the wave of firings may start, unions say.