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| Author: | Javetski, B. |
| Title: | Backlash: will the French revolt cripple European reform? |
| Journal: | Business Week
1997 : JUN 16, VOL. 3515:845, p. 18-21 |
| Index terms: | ECONOMICS EUROPE RESEARCH |
| Language: | eng |
| Abstract: | For free marketers, it was a breath of fresh air. Last July French carmaker Renault, 46% government-owned and hit with massive losses, announced it would close its 3,100-worker plant in Vilvoorde, Belgium, and lay off 3,000 employees back in France. The move was hailed as a triumph of corporate common sense over labour-coddling tradition. But campaigning before France's June 1 election, candidate Lionel Jospin promised voters that if he became France's new Prime Minister, he would push Renault managers to reverse their decision and restore the French and Belgian jobs. |
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