UPDATE 1-Renault cuts 400 jobs at Spain factory

Newswire

(Adds union statement that another 150 jobs at risk) MADRID, Jan 29 (Reuters) - French car maker Renault said on Thursday it would cut a shift at its factory in Palencia, northern Spain, and 400 temporary workers would be laid off. "The constant fall in the European market and Renault's management policy of rigorously monitoring stock makes it necessary to adapt the pace of manufacturing," a spokesman for Renault in Spain said. Another 150 workers at the Palencia factory were also ...

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