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Renault's Spanish workers avoid lay-offs -union

Mon Dec 1, 2008 1:10pm EST

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MADRID, Dec 1 (Reuters) - Workers at Renault's (RENA.PA) engine plant in Valladolid, Spain, have avoided lay-offs originally planned for this year by agreeing to bring forward days off from 2009, the Comisiones Obreras union said on Monday.

Car manufacturers in Spain are faced with collapsing domestic demand, which Renault said last week would cut sales by 50 percent in the last quarter of this year. Companies have announced a series of lay-offs and stoppages in recent months. (Reporting by Martin Roberts, editing by Will Waterman)



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