Job Market Monitor
François Hollande
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 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
France / Hollande will miss job target poll says as unemployment hits record level
An overwhelming majority of French people believe President Francois Hollande’s government will fail to reduce record high unemployment this year, a poll showed on Friday. The government is clinging to the Socialist leader’s pledge to revert a relentless unemployment rise even as data showed on Thursday that more people were jobless than any time on … Continue reading
France / Hollande Jobs Pledge Undermined
The French economy grew less than initially reported in the third quarter, signaling a recovery that may be too weak to help President Francois Hollande’s government reduce unemployment that’s at a 15-year high. Gross domestic product rose 0.1 percent, half the pace estimated on Nov. 15, statistics institute Insee in Paris said today. Data late … Continue reading
France / A deal with ArcelorMittal will save jobs
The French government struck a deal with ArcelorMittal (ISPA.AS) on Friday which will see the steelmaker invest 180 million euros ($234 million) in its Florange steelworks, allowing some 600 jobs at two shuttered blast furnaces to be saved. Prime Minister Jean-Marc Ayrault said the two furnaces would not be restarted for now, given weak European … Continue reading
France / Hollande gives Mittal deadline to save jobs … or nationalisation
PRESIDENT Francois Hollande has given ArcelorMittal CEO Lakshmi Mittal until December 1 to draw up a plan to save jobs at a French plant of the world’s largest steel maker, including its nationalisation. Mr Hollande, who met Mr Mittal for an hour at the Elysee presidential palace in Paris on Tuesday, said he asked Mr … Continue reading
France | Employment | ‘Buy French’ Campaign
French consumers are being urged to choose products made in France as a patriotic response to the country’s economic travails. As part of a strategy to cut imports and boost national industry, the government is encouraging shoppers to read the label before they buy. “ ‘Made in France’ has never been so fashionable,” according to … Continue reading
France – Layoffs – Vivendi, STMicro Revamp Face Hollande’s Scrutiny
Vivendi SA (VIV) and STMicroelectronics SA (STM), each considering a reorganization to boost their competitiveness, face a hurdle as French President Francois Hollande struggles to keep an election pledge on job creation. Industry Minister Arnaud Montebourg is today hosting STMicroelectronics Chairman Didier Lombard at Bercy, the sprawling 1980’s government complex in eastern Paris. The meeting … Continue reading
France – Hollande to host Miliband on youth unemployment
Labour leader Ed Miliband will become the first senior British politician to visit French president François Hollande at the Élysée Palace on Tuesday, when tackling youth unemployment will top the agenda. Hollande made his first presidential visit to the UK earlier this month, meeting David Cameron for talks following his election victory in May … Continue reading
France – Skill Gap – GE Can’t Find Workers
Clara Gaymard, the head of General Electric Co.’s French unit, has been looking in vain for workers for a factory that makes valves for the oil and nuclear industries in Conde-sur-Noireau in western France. “The plant has 360 employees, 100 of whom will retire in the next four to five years, and we can’t find … Continue reading
France | A generation of desperate youngsters
Boualem Ben Moussa has delivered pizzas, worked on a building site, washed dishes in a restaurant and delivered more pizzas. School was not his thing, he says. Now 28, he dropped out at 16 and has since stumbled from short-term contract to short-term contract. But things are looking up. In Lormont, a dreary suburb northeast … Continue reading
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