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Thursday, June 7, 2012

''France eyes layoffs clampdown as unemployment climbs''

From Reuters

''France's new Socialist government is planning to ramp up the cost of laying off workers for companies in the coming months, its labour minister said on Thursday after data showed the jobless rate hit the highest level this century at 10 percent.

President Francois Hollande rode to power in a presidential runoff last month on a promise to tackle soaring unemployment, which has reached the highest level since 1999.''

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