Job Market Monitor
France
France / To cut about 7,500 jobs next year
France’s military will cut about 7,500 jobs next year, a defense ministry source said on Thursday Continue reading
France / A €3.5 billion plan for ‘third industrial revolution’ to create 470,000 jobs
French President François Hollande hopes to create 470,000 jobs by injecting €3.5 billion in 34 key industrial sectors, but he will need Europe’s help. Continue reading
The 10 nations with the highest total number of millionaire households
These countries were then compared to countries with the highest numbers of households with more than $100 million in AuM, as well as each country’s GDP Continue reading
France / Non-Farm Employment Drops 0.2% In Q2
Employment in France’s non-farm sector decreased modestly in the second quarter after staying steady in the March quarter, data released by statistical office Insee showed Wednesday. The number of employees in the market sector, excluding the farm division, decreased 0.2 percent sequentially to around 15.93 million in the second quarter, after staying broadly unchanged in … Continue reading
France / Unemployment rises above 3 M
French official data released on Thursday shows that unemployment rose above 3 million for the first time in the second quarter but the unemployment rate only rose by 0.1 percentage point Continue reading
France / Hollande plans to stimulate the jobs market right now
France – Hollande’s plan is simple. The plan to stimulate the jobs market right now. Continue reading
General Electric / To cut 600 jobs in France
General Electric is to cut 600 jobs in France, mostly at its finance arm, a union official said on Friday, as it seeks to cut back on the division’s activities in the wake of the banking crisis Continue reading
PSA-Peugeot-Citroen Offshoring / A 3rd China plant
PSA/Peugeot-Citroen opens a third assembly plant in China today, expanding in the world’s largest vehicle market even as a slump in European demand prompts it to cut jobs at home Continue reading
France / Michelin cuts 700 jobs
Michelin is cutting just over 700 jobs at its Joué-lès-Tours plant in the Loire region of France. It is the latest car industry manufacturer to respond to the European downturn with layoffs. The news was not received well at the factory, which makes tyres for lorries. Patrick Fontaine, a 36-year veteran at the plant, wept … Continue reading
Euro zone’s Youth Unemployment : Germany, France, Italy and Spain to discuss in Rome on June 14
The finance and labour ministers of Germany, France, Italy and Spain will meet in Rome on June 14 to discuss how to tackle youth unemployment, the Italian prime minister’s office said. The issue is high on the agenda of a European Union summit taking place in Brussels on June 27-28. Chosen excerpts by Job Market … Continue reading
France / Unemployment rate hits 14-year high
France’s unemployment rate hit a 14-year high in the first quarter of 2013, casting fresh doubt on President Francois Hollande’s goal of reversing the rising jobless trend by year-end. The jobless rate of 10.8 percent, published by the INSEE statistics agency on Thursday, was the highest on record since the first quarter of 1999. The … Continue reading
(Update ) EU Youth Unemployment / Germany and France meet today
Germany sees revolution if welfare model scrapped German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, while abandoning the continent’s welfare model in favour of tougher U.S. standards would cause “revolution”. Germany, along with France and Italy, backed urgent action to rescue a … Continue reading
EU Youth Unemployment / Germany and France meet today
As Germany and France meet today (28 May) over a joint youth employment initiative, EU officials have rebuffed as “groundless” and “dangerous” criticism from the German finance minister that the Commission is failing to address joblessness, EurActiv Germany reports. Ministers from both countries will unveil in Paris the initiative blueprint and allow the European Investment … Continue reading
France / The right Job Plan ?
The man charged with reviving France’s shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; exchanged angry letters with the head of an American tire company … Continue reading
Eurozone in recession for 1.5 years as France double dips
Euro area GDP down by 0.2% and EU27 down by 0.1% and -1.0% and -0.7% respectively compared with the first quarter of 2012 GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, … Continue reading
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