UPDATE 1-French court rejects Peugeot cutbacks challenge


* Union challenge against Peugeot cuts rejected * Ruling allows cuts to take effect -Peugeot * Unions vow to appeal decision (Adds company and lawyer comments, details, background) By Gilles Guillaume PARIS, April 26 (Reuters) - A French court on Friday rejected a union challenge against PSA Peugeot Citroen's plans to cut thousands of jobs and close a plant, clearing the way for the restructuring to begin. The ...


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