France Faces Industrial Job Cuts Amid Economic Struggles
Amid escalating industrial challenges, France is bracing for significant job losses across multiple sectors, particularly in automotive and chemicals. Minister Marc Ferracci highlighted impending layoffs, suggesting over 150,000 jobs could vanish due to fierce international competition and rising operational costs. Iconic companies like Michelin have initiated cuts, closing facilities that will affect hundreds of workers. The chemical industry is also anticipating about 15,000 jobs lost over the next three years due to energy costs. Furthermore, the retail sector is under pressure from inflation and competition, exemplified by Auchan’s decision to cut nearly 2,400 jobs.