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Added on the 05/07/2017 10:32:52 - Copyright : Euronews EN
Paris, May 29 (EFE), (Camera: Yoan Valat).- Renault presented a restructuring plan on Friday that will cut some 15,000 jobs worldwide and trim annual costs by some 2 billion euros following a drop in sales as a result of the coronavirus pandemic.FOOTAGE OF THE USINE DE CHOISY-LE-ROI PLANT.
French agro-food giant Danone, badly hit by the Covid-19 pandemic, announces that it wants to cut up to 2,000 jobs at its headquarters in France and abroad. IMAGES of Danone France HQ
Italy's Monte dei Paschi di Siena appoints Marco Morelli as its new chief executive, handing the 54-year-old banker the job of convincing investors to back a third cash call for the ailing bank in as many years. David Pollard reports.
The ECB has reportedly given a preliminary nod to the possible appointment of Marco Morelli, head of Bank of America Merrill Lynch in Italy, as chief executive of ailing lender Monte dei Paschi di Siena. As Hayley Platt reports, if confirmed, he'll have a tough job implementing an emergency rescue plan to avert the risk of being wound down.
Fabrizio Viola is to step down as CEO of Monte dei Paschi ahead of a 5 billion euro cash call. Will it be enough to persuade investors they should back efforts to save Italy's third-largest bank from being wound down? Ivor Bennett reports.
Italian bank Monte dei Paschi is preparing to unveil a plan to address regulatory concerns over its financial stability. It's looking for ways to strengthen its balance sheet ahead of European banking stress test results, as Kirsty Basset reports.
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