Archive for the 'economy' Category

Didier Camels interested in resuming volailler Sweet

Auto Date Wednesday, May 22nd, 2013

 

Nearly a year after the bankruptcy of Smooth1, the former giant poultry is at a turning point in its history. He presents this Tuesday afternoon a first draft of its continuation plan before the Commercial Court of Quimper. A hearing at which court administrators should request an extension of six months of the observation period and, especially, to announce the arrival of a new strong man in the capital, alongside the Sweet family.

According to several sources, this financial-like white knight could be Didier Calmels, specialist business turnaround, through his personal holding Development & Partnership. The businessman, who was at the origin of the brand's recovery Tanner and rebirth in Alpine Renault competition redeem for tens of millions of euros of debt Barclays2 bank first Sweet creditor who ultimately chose to leave the group volailler. He would take two thirds of the capital, the Sweet family and BNP Paribas retaining a third party. The entrance to the capital of Saudi al-Munajem, historical customer Soft, is still part of the assumptions paydayloan. The group's debt would be reduced to € 340 million (a year ago) to 120 million.

With this new round, the group, which is planning an exit from bankruptcy in the fall, now sees the future with serenity found. Refocused on exports and developed pole (Arch Hotel) Soft – again profitable – should make 560 million euros in sales in 2013. It has a stable cash around fifteen million. At the head of 2,200 people, the Group relies on a new team, a symbol of generational change. Exit the founder, Charles. The group is now led by his son Jean-Charles Doux3, president, and Arnaud Marion, CEO, the man in the shadows. It was he who was the architect of recovery alongside administrators and the new social dialogue. The task was daunting. In assessing the cost center, the band broke up a thousand people. Sweet, who will present by the summer a plan to ten years, now hopes its former grandeur.

Strike call for the SNCF

Auto Date Saturday, May 18th, 2013

 

This would be the second single strike at the SNCF since the election of François Hollande. The four organizations representing the public company (CGT, UNSA, SOUTH CFDT) on Friday filed a request for an immediate consultation. A mandatory procedure before filing a notice of strike. However, Les Echos reported that Saturday1, "at the beginning, they had already announced in a joint leaflet an" action all services unit in June 2013. " Which suggests that the strike will be held Thursday, June 13, 2013.

The unions want to denounce the railway reform and problems purchasing power rail can be read on the website of France Info2. The movement would be followed as the previous, say unions, who find that "the malaise goes."

Society and the state are in full reflection to improve the operational efficiency of the French railway system and eliminate its debt. Two reports on the subject were made in April 3: they both offer a return of all the orders of the State SNCF4 cash advance. A bill will be introduced in a few months.

Meanwhile, in March, the company announced that the railway will make between 1.5 and 2 billion in savings over the next five years. Which in addition to a plan to reduce costs of purchasing, IT spending … 700 million by 2015 already announced a few months ago.

An uncertain 2013 for SNCF

For the year 2012, the SNCF has posted "satisfactory" results in his boss Guillaume Pepy, who has renewed his mandat5 at the head of the company railways for five years. In 2012, the turnover of the Group increased by 3% compared with 2011 to € 33.8 billion. Better, its net profit tripled to EUR 383 million. And debt decreased by EUR 1 billion to 7.3 billion.

Nevertheless, the year 2013 will be difficult with large work Ile-de-France that will disrupt the quality of service, the economy still fragile and budget authorities, including those allocated to transport, which still suffer the crisis of public finances in France and Europe.

The Cran assigns the Deposit for "taking advantage of slavery"

Auto Date Saturday, May 11th, 2013

 

One hundred and sixty-five years after the abolition of eclavage, the Representative Council of Black Associations (Cran1) demand accounts Caisse des Depots (CDC). On the occasion of the Day of Commemoration of the Abolition of Slavery, the Cran announced Monday that it will file a writ of summons to the CDC and two of its subsidiaries. At issue: the sums paid by Haiti in exchange for its independence, the CDC has collected for years. "The CDC is complicit in a crime against humanity," and said Louis-Georges Tin, the president of Cran, accusing the state bank to have played "a significant role in slavery."

Campaign more comprehensive repair

The case dates back to the nineteenth century, when Haïti2 gained its independence against the troops of Napoleon Bonaparte (1804). About fifteen years later, France agreed to recognize the sovereignty of the island by drying a financial toll to compensate its settlers. From 1825 to 1946, Haiti is paying "amounts equivalent to $ 21 billion," according to Louis-Georges Tin, according to which "the ransom in Haiti precipitate a downward spiral of instability and poverty." CDC, public financial institution created under Napoleon, then in charge of collecting these benefits. The director of Cran therefore hope that this money be returned to the Haitian people. Counsel for the Board, Mr. Norbert Tricaud, intends to apply to the CDC "to abound by at least 10 million endowment fund to finance research" on slavery. Friday, it was returned to the Treasury, which collects money paid to the CDC after 30 years. "Legally, the amounts are recorded in the Deposit shall be refunded to the Treasury after 30 years," a spokesman insisted.

The action taken by the Representative Council of Black Associations is part of a more comprehensive approach to reparations, which could then be extended to private banks or sugar groups no faxing 1 hour payday loans. "If we do this assignment is to contribute to the debate," said the lawyer Norbert Tricaud, rejecting any desire for revenge. In January, Cran, created in 2005 to "fight against the discrimination faced by black people in France," had supported a descendant of slaves who wished to assign the state to court to obtain compensation for the damage caused by the control of a grandfather. A first in France. At present, however, the assignment has not been filed.  

An Ifop poll commissioned by the Cran says that 63% of people overseas departments are in favor of repairs, "whether moral or financial." "Without a political solution, we conduct the debate on the legal," said the president of Cran, although its position is not shared by all the descendants of slaves.

The "can not repair" according to Holland

François Hollande3 however implicitly imposed a fine of not receiving requests from Cran. In a commemorative speech on Friday, the president spoke of "the impossible repair." "The only choice, the most worthy, the largest, is the memory, alertness and transmission," he said. Jean-François Copé4, president of the UMP, said on RTL radio that it was "difficult to speak of material compensation" of slavery as "so many centuries have passed," but "in contrast, duty of memory is essential. "

"Any crime called repair, and when the repair is denied is that denies that there was truly crime. We need a comprehensive repair: moral, cultural, financial, symbolic, material, "responded Louis-Georges Tin.

Death of the founder of Missoni

Auto Date Thursday, May 9th, 2013

The patriarch of one of the most important families of Italian fashion, Ottavio Missoni, died today at his home in Sumirago in the Lombardy countryside. Born February 7, 1921 in Yugoslavia, this former Olympic athlete – he attended the London Games of 1948 – had co-founded the Missoni home with his wife Rosita, heir to a family of textile industrialists. In the 1950s, the couple away the use of machines to make shawls and created a line of knitwear motley, the famous multicolored zigzags, winning the favor of the press. They set up their factory Sumirago in the late 1960s and soon the small artisan label knits international fame. Missoni is a classic ready-to-wear Italian, develops accessories, fragrances, beachwear, sign line design decorates hotels and multiplies co-brandings (Converse, the American brand Target brand Bugaboo). Their daughter Angela is currently artistic director of fashion. In January, the family had been under the spotlight when the plane carrying the eldest son of Ottavio, Vittorio (General Manager marketing of the house) and his wife had gone off Venezuela1. Ottavio Missoni was 92 years old, he published his memoirs in 2011 in Italian, Paolo Scandaletti under the title A Life on the yarn (Ed. Rizzoli).

Deficits: "Germany is a gift to France"

Auto Date Wednesday, May 8th, 2013

 

Director of the Berlin office of the European Council on Foreign Relations (ECFR), political scientist Ulrike Guérot specializes in European issues and connoisseur Franco-German relations.

LE FIGARO. – What is the state of the Franco-German relationship today?

Ulrike Guérot. – There is tension, but it is when the couple quarrel! Do not idealize the past periods, which were not nearly as pink as they say. The creation of the euro was a Seven Years War! We fought and it was constructive. Symbiosis, as in 1 and Merkel Sarkozy was stifling for the rest of Europe. But beware, the Franco-German crisis is constructive if there is a political will to resolve and make a deal that gives air to other countries out

.

Do you break something constructive between Paris and Berlin at the moment?

It is true that at this moment you have to dig far down the tunnel to see the light! The task is enormous. The first emergency, these are the reforms in France. Because France has lost its structural parity with Germany. As a result, it becomes difficult for it to enforce its views. To make its voice heard within the Franco-German couple and Europe, it must be straightened out economically.

To date it when you drop the Franco-German?

Based on macroeconomic data, it dates from 2007. In 2003, France and Germany have all violated the Stability Pact. Germany took the opportunity to make the reforms that are needed. France, she did nothing of the sort.

Germany agrees to give two more years to France to meet the 3% deficit. Berlin he renounces his principles of rigor?

No! It's like a gift that makes Germany to France. It must use this respite of two years to reform and prove that it is a serious country. Since Germany has decided to abandon the D-Mark in 1992, it expected that France wakes embraces the enlargement of the EU, globalization, and launches the debate on the future of Europe, it stopped in 2005 after the "no" to the European Constitution.

Why such a gift to France?

As for Germany, France is a special case. This is not Cyprus2 nor Greece3. Against France, Germany was out of respect. In this crisis, France is "systemic" if it skids financially and economically, it is dangerous for Germany and the rest of the euro zone

.

Germany Does not concerned that France take this time to do nothing?

There was this fear. But there is also hope that Holland make reforms, as Mitterrand was able to do in 1982-83. There is no alternative to survive in globalization.

What are the most awaited reforms Berlin today?

Germany expects a new pension reform, the abandonment of 35 hours, a further reform of the labor market, social security and sanitation deficits. It must do all that southern countries of Europe have done. And do not put as a prerequisite for its reforms pooling of eurozone debt! This is France to take the first step today. This is the condition for the revival of Europe. It also requires that Germany do more efforts on domestic demand and wages. This is a reciprocal movement. It should be a summary of a European social contract.

Europe 1 and France Télévisions launch audiovisual mercato

Auto Date Saturday, May 4th, 2013

 

The great ball of audiovisual transfer window is open. This year's Europe 1 and France Télévisions leading dance. Europe 1 because his hearing-drop. France Télévisions 1parce the group is forced to make budget savings.

The big deal at the time, it is the revision of the grid in the morning on Europe 1. In our columns, Fabien Namias2, general manager, acknowledged that "the hearings are not satisfactory" and he worked with Denis Olivennes 3and Bruno Gaston on a major overhaul of the morning. Bruce Toussaint could drop his microphone the morning at the end of the season.

Nothing is yet finalized, but already many names circulating to replace. He Laurent Delahousse4, presenter of JT France 2, is belied by France Télévisions. We talk about matinalier France Inter Cohen5 Patrick, himself a former European one. But Jean Luc Hees6, CEO of Radio France, will do anything to retain and Patrick Cohen is fighting for his morning France Inter regain its leading position. It also speaks of Wendy Bouchard, who also officiates host house on Information M6 Forbidden Zone magazine. But change facilitator for the morning one of Europe will not suffice. Fabien Namias must also give coherence to this morning suffering from the accumulation of different writers. So could some appointments be deleted.

Finding the winning formula

Other size change for Europe 1, Michel Drucker 7a himself announced that he is bowing out and stop its transmission. Europe 1 negotiates with Cyril Hanouna 8to he takes over.

For its part, France Télévisions must solve an equation with two unknowns: reduce thirty million program cost flow and finally found the winning formula for the prime-time of France 2. Today, access is based on two sets: the Patrick Sabatier "Password" and that of Nagi "Do not forget the words." The magazine Télé 7 jours announced the departure of Patrick Sabatier. This explains the Figaro "no decision has been made and the direction of France 2 is satisfied with the hearing of the game, which reached 9.8%, and public image." It is true to the direction of France 2 has not yet finalized its action plan. But she is currently testing miniseries that could replace games. The goal is to reach an audience of 13 to 14%, a strategic issue to boost advertising revenue (the last screen before 20 hours) and to successfully launch the JT 20 hours, which starts with a hearing disability face than TF1.

Side economies, France Télévisions has planned to remove the night of JT France 2 and reduce the "Champs-Elysées", Michel Drucker, two issues per year instead of four. It should also stop "Taratata", the music program Nagi, very expensive. The variety show "Chabada" Daniela Lumbroso9 will be replaced by another, which will take the same concept but cheaper. For the same reason, "Stories series," Béatrice Schönberg, would be arrested.

Bangladesh textile industry pay compensation

Auto Date Tuesday, April 30th, 2013

 

The textile industry is a mea culpa. Two signs are committed Monday to pay compensation to the victims of the collapse of the Rana Plaza building in Dhaka, Bangladesh. One of the first to be confirmed working with garment factories destroyed, the British Primark, said in a communiqué1 his local team "working on the establishment of an immediate and sustainable assistance to disaster victims." Specifically, the group made contact with a local NGO to provide "emergency food stocks' families and account" payment of compensation ", the amount is not disclosed. These funds will be paid to "children who have lost their parents," the "wounded" and "families of deceased workers."

While a demonstration was held in front of one of its stores in London 2dimanche, Primark will not pay alone. The group urged other retailers who use subcontractors collapsed building "unfold and offer their help." In the process, Loblaw first food retail group in Canada, recognized to be related to the accident through its subsidiary cheap Joe Fresh clothing and promised financial support to victims. "We are in the process of finalizing the contours," he says in a communiqué3. Like Primark, the Spanish retailer Mango admitted view past orders for 25,000 items from suppliers Rana Plaza in the early hours of the tragedy, but added that they were samples. According to the Clean Clothes Campaign4 Association, based in Amsterdam, the British and Spanish Bonmarché Corte Ingles also revealed their links with these workshops. Other companies that were suspected weekend5 including Carrefour brand Tex, C & A, Benetton or Wal-Mart, but denied.

The financial challenge of responsible production

While the drama was over 380 dead and thousands injured, about 3,000 people employed in the building, the pressure rises on the western textile giants. They are charged to enjoy a local labor at low cost without always ensure checks (security, social and production) on site cash advance flexible payments. In Bangladesh, where wages revolve around 30 euros per month, the union of textile workers (National Garment Workers' Federation) launched a petition 6to force the industry – and spéficiquement Primark, Matalan and Mango – to compensate victims. The text has collected nearly 64,000 signatures to date. "The negligence must stop. The deaths of these workers could have been avoided if these groups had taken the protection of workers seriously, "says Amirul Haque Amin, president of the union. The collapse of the Rana Plaza is the latest in a long list of industrial accidents that have killed more than 1,000 workers in Bangladesh since 2005, according to the International Labour Organisation (ILO) 7, which had a mission support at the scene of the disaster.

Most multinationals have yet signed codes of conduct intended to ensure that their products are made in responsible and ethical conditions, both on the front of the environment on the working conditions of employees. Primark, for example, is a signatory to the Code of Ethical Trading Initiative (ETI) 8, an alliance of companies, NGOs and trade unions which also counts among its members the names of other clothing and Distribution: C & A, River Island, Stella McCartney, Inditex (Zara), Gap, Marks & Spencer, Tesco, Sainsbury's, etc.. The challenge for companies beyond the marketing pitch. With the emergence of a global market for socially responsible investment (SRI) in recent years, the non-financial criteria are increasingly taken into account by financial players who invest in companies. At the end of January 2013, the global market for responsible investment reached 13.600 billion (more than 10,000 billion), or 21.8% of assets under management, according to the World Alliance of responsible investors (GSIA) 9. SRI in France weighed € 149 billion in 201210, up 29% compared to 2011.

Banks decided to take control of Saur

Auto Date Wednesday, March 20th, 2013

It Saving Private Saur, the French number three in water management, suffocated by debt become too heavy to bear. But between the Strategic Investment Fund (FSI), one of its largest shareholders, and its …

The pound plunged against the risk of recession

Auto Date Thursday, March 14th, 2013

 

The pound continues to slip. Tuesday, it fell below 1.4877 dollars, its lowest level against the U.S. dollar since June 2010. The book is depreciated by 8.3% against the dollar this year and 7% against the euro, which makes it the currency of the worst performing developed markets in 2013, after the yen.

It is disappointing that manufacturing production has plunged the British pound. Against all odds, the figure stood down in January. This bad start of 2013 has revived fears of recession entry into the United Kingdom, as growth contracted in the last quarter of 2010 and unless outstanding performance in the service sector beginning of this year, growth could be negative in the first quarter of 2013. The UK could then face its third recession since the Great Depression of 2008!

The prospect is worrying investors, who were anyway not expected industrial production to drop sterling "There is definitely a momentum against the pound, said Derek Halpenny at Tokyo-Mitsubishi UFJ Ltd. in London, and markets seize any excuse. Low statistics in the UK suggest a new quantitative easing, and this is a recipe to reduce the book. "

"Shock Treatment"

Indeed, unlike the United States where improved data suggests that the Federal Reserve may have less need to support the economy, the Bank of England could reinforce its action plan guaranteed pay day loans. Last week, the Bank of England is holding its goal of redemption of 375 billion pounds, but strategists await the next BoE meeting in early April, knowing that some of its members are in favor of a more flexible quantitative, with 25 billion pounds new employees to support the British economy. In fact, many economists believe that the March 20, Chancellor George Osborne could announce within the next budget, new powers of the Bank of England to give him more leeway.

But the Minister of Economy should go further by employers. This week, John Longworth, Director General of the British Chambers of Commerce (IWC) has proposed a "shock treatment." According to him, "If within six months, there is still no prospect of growth, it will consider the option to borrow more money." The solution would be, he says, to reduce some welfare and invest the money in activities that doperaient growth. Areas selected should be those that "forgive markets", that is to say infrastructure.

It seems unlikely that the government reverse its fiscal policy immediately. Conservative Prime Minister David Cameron has explained that if Downing Street came back on drastic cuts in place, the country would plunge into the abyss.

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Internet, e-mails, Facebook: what is allowed in the office

Auto Date Saturday, March 9th, 2013

 

• Internet: surfing too can justify dismissal

Tourism sites, comparing prices, ready-to-wear, women's magazine … This framework has performed all 10,000 connections to the Internet from his office, within two or three weeks, unrelated to his work. The Court of Cassation, in the beginning, the immediate dismissal of the employee. The use of "abusive" Internet was selected as "serious misconduct". "In this area, as for the rest, there is a principle of fairness: the working time should be used for the job," summarizes Mr. Eric Rocheblave, a lawyer specializing in labor law at Montpellier.

Personal use of the Internet in the office, it is reasoned, is not prohibited by the Labour Code. The employer, however, the right to control what sites are visited, since the connection is provided within the work, and supposed to be used for professional purposes. Some sites are of course to be avoided: the Bordeaux Court of Appeal held in 2011 that the consultation sites "sexual activities and meetings" is a serious offense.

• Social networks: they constitute evidence of fault

What is said on Facebook is far from private, dozens of cases to prove it. Three engineers were dismissed in 2010 for insulting their boss on the social network. Posts were only visible by their "friends" … where an employee of the company, which has screenshots and forwarded to the employer. "The impressions are found increasingly in labor arbitration cases, observed Rocheblave me. Everyone is spying and folders. "Traces left on social networks constitute evidence and may be grounds for dismissal.  

The use of Facebook in the office is not prohibited but not recommended, especially if excessive, again because the principle of fairness at work. For many, the question does not arise: in 2011, 64% of companies blocking access to these networks to their employees.

In rare cases, social networks can also save the employees. Court of Appeal of Poitiers, a licensed salesperson verbally could demonstrate that it was well under employment contract showing messages left by his employer on his Facebook page.

• E-mail: protected if identified as "personal"

All e-mails from the professional messaging … are supposed to be professionals. The employer has an "absolute right" of these emails, "the same way a baker look at how our employees are making bread," notes Rocheblave me. Nothing prevents an employee to send personal emails, but in moderation. In 2009, the Council of Angers Prud'hommes confirmed the dismissal of an employee who had sent 156 personal e-mails in two months.

The secrecy of correspondence applies to personal mails clearly identified as such with the word "personal" in the subject. They can be consulted by management in the presence of the employee or representative, except in cases of "risk or special event." With regard to the content of e-mails, the same rules of decency apply. The Court of Appeal has recently Orleans upheld the dismissal of an employee for sending saucy emails to colleagues.  

• Work Phone:

some tolerance

According to the CNIL (PDF), "The use for personal phone (provided by employer) work is tolerated if it is reasonable and not prejudicial to your employer." Conversations can not be recorded, except in special cases and reported (qualitative studies, for example). The employer can control the use of the telephone, from invoices and phone records. An employee who had sent 522 SMS and spent a total of 24 hours of calls in three months on his business phone has escaped dismissal last summer, before the Court of Appeal of Grenoble. She acknowledged the complaint but considered as disproportionate dismissal, an employee with 12 years of seniority.

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