Posted on 10/08/2012 3:34:48 PM PDT by John Semmens
In a bid to stem the rising tide of unemployment, France’s Socialist President Francois Hollande has advanced legislation that would impose severe penalties on businesses trying to fend off bankruptcy by trimming labor costs.
Labor Minister Michel Sapin says “the intent is to make layoffs so expensive that keeping unproductive employees on the payroll will be the less costly option.” Sapin admitted that “many in our Party favored simply outlawing layoffs, but others advised against this saying that if no one could be laid off for any reason too many workers would slack off on the job.”
Industry Minister Arnaud Montebourg is crafting a companion bill that would prohibit struggling firms from selling their businesses in order to avoid penalties for laying off workers. “Businesses have a social responsibility to provide good-paying jobs,” Montebourg contended. “We cannot allow them to escape this responsibility by selling their assets.”
US Secretary of Labor Hilda Solis called the French initiative “an intriguing ‘outside-the-box’ approach that we may want to take a look at in a second term. The more indirect measures we’ve been trying here—the Fed’s quantitative easing, the various stimulus packages, the green-jobs investments—haven’t had the kind of impact we’d hoped. Something more explicitly targeted at employment may be necessary.”
if you missed any of this week's other semi-news posts you can find them at...
http://constitutionclub.org/2012/10/06/semi-news-a-satire-of-recent-news-38/
>>>>crafting a companion bill that would prohibit struggling firms from selling their businesses in order to avoid penalties for laying off workers. “Businesses have a social responsibility to provide good-paying jobs,”
I thought religious places have a social responsibility.
Who will start new business in France?
Dag-gone it, you got me this time.
“…severe penalties on businesses trying to fend off bankruptcy…” “the intent is to make layoffs so expensive that keeping unproductive employees on the payroll will be the less costly option.”
!???? So what does this business do when it is out of money?
By law this cannot be permitted and therefore will not happen.
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