The two largest actors unions reached a tentative agreement on a new work contract with advertising agencies early Wednesday morning, just as the old agreement expired. The workers at a Caterpillar factory in Grenoble, southeastern France, were protesting 700 job cuts and the layoff package offered to them. Caterpillar said the company suffered a 55 percent loss in the past year.
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France to ban bonuses for bailed out firms
France will ban bonuses and stock options for executives whose companies get government bailout money, the president’s chief of staff said Thursday.