Market Finance Time

Financial World News

October 12th, 2008 by Fanny

According AP hundreds of angry Renault workers and other protesters have stormed a Paris car show to register their discontent about expected job cuts at the French automaker and restructuring in the industry.

Blaring horns and setting off firecrackers, the demonstrators showered union leaflets on prototype cars and unfurled banners as police kept watch at the Mondial de l’Automobile auto show.

Renault management last month announced 6,000 job cuts in Europe _ or about five percent of its total work force _ in hopes of keeping the automaker competitive and ensuring its long-term development.

Protesters said some 5,000 people took part, though police put the number at around 2,400.

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