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France's Hollande to fight firms that fire workers
Reuters ^ | Thu May 10, 2012 1:40pm EDT | (Reporting By Nicholas Vinocur; Editing by Brian Love and Michael Roddy)

Posted on 05/10/2012 11:20:49 AM PDT by Olog-hai

French president-elect François Hollande aims to make it financially painful for healthy firms to fire workers and will "arm wrestle" big employers like General Motors to force them to take a more "moral" approach, a senior adviser said on Thursday.

Hollande, who takes office on May 15, said before his election victory on Sunday he would seek to impose financial penalties on profitable companies that announce layoffs only in order to improve their share price.

With mass layoffs anticipated at firms including retailer Carrefour and carmakers General Motors (GM) and PSA Peugeot-Citroen, Hollande's adviser, Michel Sapin, said the president-elect would seek to apply his pledge quickly.

Sapin, who is tipped as a possible prime minister or finance minister, told France Inter radio that, short of a ban, the goal would be to make it "extremely expensive" for firms to shed workers to boost their share price.

GM said on Wednesday it would consider closing a factory in Strasbourg in eastern France, and PSA Peugeot Citroën is seen closing a large production site north of Paris this year. …

The feared shutdowns would compound the economic woes facing Hollande. He has pledged to temper austerity in Europe, create 150,000 state-aided jobs and try to reverse an upward trend in joblessness, currently near 10 percent, during his 5-year term.

The Socialist takes over from Nicolas Sarkozy at a time of resurging fears of Greece leaving the eurozone, stuttering growth and, on Thursday, data showing that industrial output fell more sharply than expected in March. …

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: eussr; france; hollande; socialism

1 posted on 05/10/2012 11:20:49 AM PDT by Olog-hai
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To: Olog-hai

Socialists! God help us.


2 posted on 05/10/2012 11:22:49 AM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: Olog-hai

...when will we learn he was a muslim too...*smiles* He’s making Obama like promises.


3 posted on 05/10/2012 11:23:55 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: Olog-hai

If I was one of those firms, I would pull out now given this idiot’s threat.


4 posted on 05/10/2012 11:24:35 AM PDT by ABQHispConservative
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To: Olog-hai

um...theres a big diff between laying people off and fireing them...firing usually involves cause...


5 posted on 05/10/2012 11:26:57 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
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To: Olog-hai

What is a “healthy” firm? Sounds dirty.


6 posted on 05/10/2012 11:26:58 AM PDT by ILS21R (John Locke: When the social contract is broken, the people must revolt.)
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To: Olog-hai

That’s what the frogs voted for! Less employment. Firms and business will be pulling out in droves. Good job you bunch of lazy butter and wine swilling idiots.


7 posted on 05/10/2012 11:27:33 AM PDT by albie
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To: ABQHispConservative

“If I was one of those firms, I would pull out now given this idiot’s threat.”

Today!


8 posted on 05/10/2012 11:28:49 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Olog-hai

Version as interpreted by business: [To encourage companies to announce pre-emptive layoffs,] French president-elect François Hollande aims to make it financially painful for healthy firms to fire workers and will “arm wrestle” big employers like General Motors to force them to take a more “moral” approach, a senior adviser said on Thursday.


9 posted on 05/10/2012 11:29:59 AM PDT by Hop A Long Cassidy
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To: ABQHispConservative

If there were still such a thing as corprate integrity, French workers would find burned-out factories and vacant corporate offices when they come to work Monday morning...


10 posted on 05/10/2012 11:30:05 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Olog-hai

Easiest way I know to be a firm that doesn’t fire workers is to be a firm that doesn’t hire them in the first place.

Duh.


11 posted on 05/10/2012 11:31:06 AM PDT by Humble Servant
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To: albie

If I can’t fire someone who’s an idiot,
I damn well am not going to hire anyone that doesn’t have an absolutely proven work record.


12 posted on 05/10/2012 11:31:16 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: camle

Call it Reduction in Force. No need for cause there.


13 posted on 05/10/2012 11:32:19 AM PDT by eyedigress ((zOld storm chaser from the west)/?)
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To: Olog-hai

straight out of Atlas Shrugged


14 posted on 05/10/2012 11:34:41 AM PDT by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: Olog-hai

because we all know socialism works so well from previous history....dripping sarc.


15 posted on 05/10/2012 11:40:25 AM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11 0bie don' t eat my dog!)
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To: Olog-hai
Large corporations are arms of government. That's the deal with the Devil they all made to get preferences and a privileged market position. It should come as no surprise now that governments are starting to exercise their right to control corporate HR operations.
16 posted on 05/10/2012 11:45:20 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Olog-hai

He’s a stinking pinko.


17 posted on 05/10/2012 11:52:04 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Olog-hai

Gosh, just make it illegal to fire people.
Betcha Obama wonders why he didn’t think of that.


18 posted on 05/10/2012 11:59:14 AM PDT by Buckeye McFrog
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To: eyedigress
Ah another TLA heard many times by many people in recent years. The verb version is “RIF’ed.”
19 posted on 05/10/2012 12:00:55 PM PDT by dhs12345
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To: MrB

Within 6 mos. Hollande will make it manditory to hire these “idiots,” and if they don’t will face stiff fines, that’s what socialism is all about, and like France, CA and the rest of the USA are in the lurching “Forward” in the same direction.


20 posted on 05/10/2012 12:03:56 PM PDT by Joshua Marcus
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To: Joshua Marcus

Geez, I need to slow down the typing, to many typos.


21 posted on 05/10/2012 12:05:32 PM PDT by Joshua Marcus
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To: Mr. Jeeves

You would think that the industry would pack up and leave. They will hang in there if they can still make a profit.

Otherwise, it is offshore... to Asia. A bit of irony here — wonder if the Chinese are less of a pain than the French government.


22 posted on 05/10/2012 12:06:50 PM PDT by dhs12345
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To: Joshua Marcus

The scary thing is that if Hollande were POTUS and did this I think his popularity polls would start coming in extremely high.


23 posted on 05/10/2012 12:09:23 PM PDT by Buckeye McFrog
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To: dhs12345

These businesses who supported this “uber socialist” will call-in favors to keep themselves from the tyranny sure to become reality when a country would rather spend what they haven’t, yet are delusional enough to think they have any hope of being solvent in the future. Just like CA, NY, IL, to name a few. These socialist/communist will keep the games going till it ends, then it will get really ugly when the succubus French find themselves digging in the trash for McDonalds burgers and fries. Couldn’t happen to a better bunch of ignorant European socialist sheeple.


24 posted on 05/10/2012 12:34:30 PM PDT by Joshua Marcus
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To: Humble Servant
Easiest way I know to be a firm that doesn’t fire workers is to be a firm that doesn’t hire them in the first place.

As I understand it, this is the basic reason why unemployment is the way it is in France and likely, other socialist countries. They just don't have common sense in the way their governments operate.

25 posted on 05/10/2012 1:33:43 PM PDT by OldPossum
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To: ABQHispConservative

they probably will. Mort la France...


26 posted on 05/11/2012 2:27:41 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: Humble Servant
and that's why unemployment in Spain, France and Italy are so high. The cost of firing is too high, so companies just don't hire -- they contract or take temps etc.

This is very bad for young employees as they have no job security at all.

27 posted on 05/11/2012 2:28:51 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: Joshua Marcus
Cronyism. Yup. And the companies that didn't grease palms, get screwed.p>
28 posted on 05/11/2012 11:25:21 AM PDT by dhs12345
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To: Joshua Marcus
Cronyism. Yup. And the companies that didn't grease palms, get screwed.
29 posted on 05/11/2012 11:26:01 AM PDT by dhs12345
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