Job Market Monitor
France
France – The number of people registered as jobless reached a record 3,347,700
Unemployment in France rose 0.9% in February, the labour ministry announced Wednesday, with almost 3.35m now jobless. Following a pasting in local elections last Sunday, the latest data is more grim news for President François Hollande. The second round of voting will be held this Sunday. The data show that the number of people registered … Continue reading
France – Hollande’s hiring targets in doubt
French unions and employers start talks on Friday over how to cut social charges weighing on companies, though both sides doubted the cuts could be linked to hiring targets as President Francois Hollande first promised. The government hopes the parties will agree by early April on the terms of Hollande’s so-called “responsibility pact”, which aims … Continue reading
Bristol-Myers in France / Threatening to cut jobs at its two Agen factories
Bristol-Myers Squibb, BMY -0.76% the New York-based drug maker, is threatening to cut jobs at its two Agen factories, where a range of paracetamol painkillers are made, after the French government unveiled plans to push for wider use of cheaper generic versions. The government may announce its final decision as early as Thursday, according to … Continue reading
Older Workers in France / More should be done to promote quality jobs says OECD
Promoting quality employment for older workers is crucial to boosting growth and ensuring a financially sustainable pension system, according to a new OECD report on ageing and employment policies in France. Working Better with Age in France emphasises that the transition from employment to retirement comes especially early and poses problems for many older workers. … Continue reading
PSA Peugeot-Citroen in France / To cut another 1500 jobs
According to a union leader, PSA Peugeot-Citroen is considering cutting an additional 1,500 jobs in France in the face of continued production overcapacity. The cuts would come on top of the 11,200 French positions to be eliminated by PSA by 2015 under its current restructuring plan, according to the union official. “Our sources internally are … Continue reading
Alcatel-Lucent / Scales back job cuts in France under govn’t pressure
Franco-American telecom gear group Alcatel-Lucent will cut fewer jobs in France than previously planned under moves to slash 10,000 posts worldwide in an attempt to stem losses, its chief executive told Le Monde newspaper. The French share of the cuts will now amount to less than 700, down from 900 announced last year, Michel Combes … Continue reading
France / On edge of return to recession
A survey of French manufacturers found that output contracted and businesses shed jobs in November in response to the fastest slowdown in new orders since April, accentuating the single currency bloc’s sluggish recovery Continue reading
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 … Continue reading
France / Unemployment Rate hits 16-year high
Unemployment rate in France rose to its highest level in nearly sixteen years in the third quarter, the latest figures from the statistical office Insee revealed Thursday Continue reading
France / Hollande on unemployment deadline: ‘We will have to work on it ‘
French President Francois Hollande wavered on Thursday over his politically sensitive pledge to bring unemployment down by the end of the year, saying it would take as long as necessary. The unpopular Socialist leader has staked his credibility on turning around the euro zone’s second-biggest economy and lowering the jobless rate, which now stands at … Continue reading
Unemployment in France / No reversal in sight
Our analysis of the labour market up to 2014, which is set out in the latest OFCE forecasts of October 2013, suggests that no significant improvement in unemployment is expected by the end of 2014 Continue reading
France / Jobless claims surge to record high
French jobless claims rose in September by the highest margin since the depths of the financial crisis in early 2009, hitting a new record and dealing a blow to President Francois Hollande\’s pledge to quickly reverse rising unemployment. However, the Labour Ministry attributed the rise largely to the inclusion of some unemployed people omitted from … Continue reading
Natixis (France) / Talks With Unions to Cut Up to 700 Jobs
French investment bank Natixis (KN.FR) Wednesday said it has begun negotiations with labor unions to cut about 700 jobs in France by the end of 2015. The bank, which is controlled by French mutual bank Groupe BPCE, said the \”new economic and regulatory context\” has forced changes in its staff organization. The bank\’s global payroll … Continue reading
(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan
French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in France Continue reading
Alcatel-Lucent / To slash 10,000 more jobs
Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs in a bid to slash costs. 900 of those job losses will be made in France. Continue reading
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