In the News, Politics & Policies

EADS in France / ‘Layoffs unacceptable’ labor minister Michel Sapin says

French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units.

“France finds it unacceptable that a business like EADS cuts jobs overall while it has the capacity to take on those who lose their jobs” in another sector, Mr. Sapin said on French radio station Europe 1.

Mr. Sapin said that as a large, profitable company, EADS has a “duty” to ensure that there are no forced lay-offs and workers have opportunities elsewhere in the company.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Market Watch

via French minister: Unacceptable that EADS cuts staff – MarketWatch.

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