Peugeot loses £637m in first half
The maker of two-thirds of France's cars is in a tailspin amid a deepening recession in many of its most important markets in southern Europe.
President Francois Hollande's administration has said the plan is unacceptable and that it will force it to save some of those jobs.
Peugeot said that revenue for January to June was 29.6 billion (£23 billion), down 5.1% since last year but still higher than many analysts expected.
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