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Thousands of French Jobs at Risk Amidst Predicted Factory Closures

French Industry Minister predicts thousands of job losses due to upcoming factory closures. He also criticizes Michelin's handling of recent job cuts and advocates for a European-wide approach to support the struggling automotive sector.

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French

France

EconomyFranceEuropeIndustryJobsAutomotive

MichelinAuchanFrance InterEuropean Commission

Marc Ferracci

What recent events prompted Ferracci's statement?: The recent announcements of massive social plans at Auchan and Michelin, resulting in 3,650 job losses, contributed to Ferracci's prediction.
How did Ferracci criticize Michelin's approach to job cuts?: Ferracci criticized Michelin's handling of the closure announcement, stating that the late notice and lack of direct communication with employees were regrettable.
What measures did Ferracci suggest to support the automotive sector?: To support the struggling automotive sector, Ferracci proposed a European-wide approach, including a green bonus and joint European borrowing for support mechanisms.
What is Ferracci's perspective on the need for European collaboration?: He emphasized the need for a European-level response to protect against Chinese vehicle competition and highlighted a planned "clean industrial act" by the European Commission.
What is the main prediction made by French Industry Minister Marc Ferracci?: French Industry Minister Marc Ferracci anticipates further factory closures and job losses in the coming weeks and months, citing thousands of potential job cuts.

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