Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

French Car Parts Maker Valeo cutting 5,000 Jobs

Posted: December 19th, 2008 | Author: | Filed under: By Location, France | Tags: , , | No Comments »

French car parts maker Valeo said on Wednesday it was cutting its full year targets and would seek to reduce its headcount, to cope with a sharp fall in automobile production.

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