Peugeot job cuts plan 'not acceptable': President Hollande

French president says in a TV interview that carmaker PSA Peugeot Citroen's plan to cut 8,000 jobs is not acceptable and needs to be renegotiated.

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French President Francois Hollande said on Saturday that carmaker PSA Peugeot Citroen's plan to cut 8,000 jobs was not acceptable and needed to be renegotiated, reports AFP.