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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Caterpillar workers release hostage managers
Workers in France have released four managers they had been holding hostage for more than 24 hours. The workers at a Caterpillar factory in Grenoble, southeastern France, were protesting 700 job cuts and the layoff package offered to them.
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.