Altice into exclusive negotiations with Oi for the redemption of Portugal … – Liberation

Altice into exclusive negotiations with Oi for the redemption of Portugal … – Liberation

Altice Group, parent company of Numericable, SFR French, announced Sunday evening entered into exclusive negotiations with the Brazilian operator Oi for the purchase of Portugal Telecom.

Altice offer was made on the basis of an enterprise value of 7.4 billion euros.

The group of French-Israeli billionaire Patrick Drahi filed November 3 a firm offer of 7.025 billion euros to buy Portugal Telecom, whose assets are now integrated into the Brazilian operator Oi.

The investment fund Apax and Bain Capital had made an offer of 7.075 billion euros.

The Angolan Isabel dos Santos, the richest woman in Africa, launched a tender offer (OPA), through its Terra Peregrin, amounting to 1.2 billion euros. His offer was immediately deemed “inappropriate” by Oi, which had then found that these conditions were “unacceptable”.

This is the third major acquisition for Altice after SFR finalized Thursday to 13.36 billion euros, giving birth to the whole “Numericable, SFR” which he will hold 60% and Virgin, for the redemption which the group received the same day, the green light of the Competition Authority.

Altice announced Friday it had reached an agreement in principle with the Portuguese postal CTT Group, to “develop synergies” on the telecommunications market in Portugal.

The agreement, which will come into force if Altice won the race to buy the incumbent Portugal Telecom, provides that CTT will receive up to € 30 million.

Altice is already present in Portugal, which he bought in 2012 the Portuguese cable operator Cabovisao and 2013 Oni, telecommunications service provider for business.

Portugal Telecom operator employs nearly 11,000 people and owns between 40% and 50% share of the mobile market, broadband and television in Portugal.

Sale of assets of Portugal Telecom jeopardizes the ongoing merger with the Brazilian operator Oi, which was to give birth to a Portuguese telecommunications giant.

In fact, these assets were already incorporated in Oi in May, during a capital increase of the Brazilian operator who has not yet clarified its intentions on the result of the merger.

AFP

Grumbling bosses: 59% of French people understand the movement – Le Parisien

Grumbling bosses: 59% of French people understand the movement – Le Parisien

<- Hard & eacute; e: 0.015730857849121 sec -> On the eve of a week of mobilization of employers, 58% of the French say they understand this movement, and 42% support it, according to EcoScope, monthly barometer OpinionWay done for Axys Consultants, Le Figaro and BFM Business.
                  <- Hard & eacute; e: 0.017246961593628 sec -> What comfort the MEDEF, CGPME and the representative organization of artisans and merchants near, UPA, instigators of a series of demonstrations that will start from that on Monday. A “incomprehensible” movement spokesman of the government, Stéphane Le Foll, who castigates particular attitudes Pierre Gattaz, head of the MEDEF.

The study, conducted over the Internet on 26 and 27 November from to a representative sample of 1,009 people, mainly women (62%), 18-24 years (65%) and the UMP (85%) who understand the movement initiated by employers’ organizations.

The perception of the French against companies is mixed: 50% consider that they are well treated, 49% that they are poorly treated. In contrast, only 14% believe that entrepreneurship is more encouraged, while half of the respondents consider that it is rather discouraged. But for a large majority (62%), taxation on businesses is too high. It is not enough to 9%, and is it right for 27%.

53% of French believe it is necessary to lower the charges

According to the respondents, the main measure to be implemented is to lower taxes and charges (53%). The simplification of the Labour Code (41%) is the second measure to be applied. This is even the most cited extent by people over 65 (58%) and supporters of the modem (60%) and PS (50%).

In third place The removal of 35 hours is preferred by 27% of respondents, including retirees (39%) and UMP (48%). “The other tested measures is to say” liberalize regulated sectors (notaries, pharmacists, taxis …) “(19%) and” facilitate lay-offs “(6%) appear less priority” details the study.

Oil: Crude attempts to stabilize after its huge losses … – Romandie.com

Oil: Crude attempts to stabilize after its huge losses … – Romandie.com

Petroleum: Crude attempts to stabilize after its huge losses the previous day

London (awp / afp) – Oil prices fell slightly Friday in London in late European trading, attempting to stabilize day after a sharp fall caused by the decision of the Organization of Petroleum Exporting Countries (OPEC) not to cut production.

By 1700 GMT (1800 CET), the price of Brent North Sea for January delivery was worth 72.32 dollars on the Intercontinental Exchange (ICE) in London, down 26 cents from Thursday’s close. Around 6:45 GMT, the European benchmark crude tumbled to 71.12 dollars, a new low since July 7, 2010.

On the New York Mercantile Exchange (Nymex), a barrel of ” light sweet crude “(WTI) for the same period lost 5.20 dollars to 68.49 dollars compared to the last official closing Wednesday. But the course was able to recover slightly from its lowest level in electronic trading Thursday (67.75 dollars), public holiday in the United States during Thanksgiving.

” Oil prices have spent the day trying to consolidate after the huge losses the previous day “caused by the status quo of OPEC, explained analysts of GIs.

Although this decision was widely expected, crude prices have plummeted, marking new lows since 2010 and continuing a fall that began in early summer due to oversupply and weak demand growth.

“OPEC ministers have reluctantly accepted that the rules had changed and that their ability to influence the direction of world oil prices had been reduced by the shale oil revolution in the United States “explained Michael Hewson, analyst at CMC Markets.

” This seems to be a complete victory of the Saudis and their allies in the Persian Gulf “, felt his side Michael Wittner, analyst at Societe Generale. Unlike other members of OPEC, who openly campaigned for a decline in production, Saudi Arabia had been favorable to leave on market mechanisms.

If OPEC had decided to reduce its production, it would be back in a vicious circle where it would steadily reduced its offer to fight against falling prices meet the increase in US production, explained Mr Wittner. Saudi Arabia and its allies therefore simply decided not to “delay the inevitable” ie adjusting the level of production by the market price.

“The faster prices decline and slow or stop the growth of US production and other non-OPEC countries, the faster the market can rebalance and faster prices can recover in a sustainable way, “Mr Wittner deciphered.

“All eyes are now turning to US production and growth,” pointing and Jamal Orazbayeva, Westhouse analyst.

“For the new mechanism (adjustment by the market) to work, prices need to fall below the cost of production of US shale oil and remain there for a long time, “warned Mr Wittner, which assesses the key level at 65 dollars a barrel.

But” if Saudi Arabia and its Gulf allies, Kuwait and the UAE have sufficiently strong balance sheets to support low price for a long time, many other OPEC countries will be severely shaken by an economically falling oil revenues, “recalled Bhushan Bahree and Jamie Webster, experts IHS.

So, Venezuela, which has been hard hit by the fall in prices of crude over 35% since mid -June, said Thursday that he would continue to fight for a barrel of oil at $ 100

afp / rp

(AWP / 11.28.2014 6:31 p.m..)

(AWP / 11.28.2014 6:31 p.m.) ^ ->
 

Videos that should be of interest to you

Black Friday: Three things to know before getting out his credit card – 20minutes.fr

Black Friday: Three things to know before getting out his credit card – 20minutes.fr

USE The sites and physical stores sometimes offer huge discounts to their customers Friday to Monday …

Online Payment (Illustration). – VALINCO / SIPA

Nicolas Beunaiche

• • Created 27/11/2014 at 20:04
  • Updated 28/11/2014 at 16:45
• Keywords

Black Friday is going to heat the blue card. On the occasion of Black Friday, very many stores will offer their customers (until Monday for some) of discounts up to 85%. 20 Minutes gives you three keys to find the way of good business.

Where are the tips?

Black Friday is first an event high-tech and this year, Amazon, the importer of the event in France will be in good company. Its online competitors (Cdiscount, Rue du Commerce, Pixmania …) have followed suit, as well as its multi-channel rivals (Darty, Fnac …) and manufacturers (Microsoft, Sony … but not Apple on the other hand). Out multimedia specialists, part of the retail (Auchan, Géant-Casino) will also play the game, as well as La Redoute.

Some have opted for balances varying levels (between -20 and -70% Auchan), others for flash sale with limited inventory (the microwave at 49 euros at Casino), declines contained on flagship products such as iMac and iPad (-10% at Fnac) or huge discounts on some areas (up to -85% on toys at Cdiscount). You choose.

How to distinguish true from false discount?

The promotions displayed with 30% they really correspond to a discount on the same level? The question arises, according to Jean-Christophe Janicot, founder of the comparator touslesprix.com. “This week, an e-commerce website which anticipated Black Friday posted a 43% discount on a Blu-Ray disc, sold at 17 euros. Except that when you go on a competitor website you could find it at 11 euros … “he says. The site in question he was charging prices above those of the competition and he sought to manipulate the consumer? Impossible to say. But Jean-Christophe Janicot invites consumers on Friday to check, if possible, the truth of the promotions offered to him via a price comparison. All prices, Kelkoo Twenga or Compare offer such services online.

What is the best strategy to purchase?

Rushing at dawn or until the last moment, that is the question. In fact, everything depends first on the strategy adopted by retailers themselves. Some, such as Fnac and Casino, were fixed on the American model, limiting the operation to 24 hours. “Inventories are important and discounts will not change,” says Philippe Jourdan, a marketing professor at the University of Paris-Est. The question thus arises not really for these stores there.

On the other hand, others will extend until November 30 Black Friday (Auchan), or December 1 (Darty). Amazon France has even extended the operation over a week, from 24 November to 1 December. In these cases, “prices could possibly fall,” said Jean-Christophe Janicot, which, however, that it is too early on the event and the type of products offered promotion to be sure. Finally, some offers will quickly grasp. This is the case of the seven products at Darty will refund 100% in the form of gift certificates: a tablet, a smartphone, a connected, bracelet vacuum … “They are important but limited supply,” says Christian Lou, marketing manager and digital group. Understood: if the first come, first served, the latest arrivals, they perhaps will not be served at all

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Tax exile: the very rich French love Switzerland – Boursier.com

Tax exile: the very rich French love Switzerland – Boursier.com

(Boursier.com) – The Swiss economic magazine Bilan ‘has just unveiled the ranking of the 300 richest people in Switzerland. Not surprisingly, some French, expatriate tax more or less recent date, pointing in a good position in the ranking. These 49 French exiles in Switzerland share a heritage of 45 billion euros. While the family of Ikea founder remains the richest in Switzerland, 28 Swiss and foreign families enter the fortunes of the category with a value greater than 4 MdsE.

Three French among the ultra- Rich

Three French families in this configuration heritage … In this circle, we find Gerard Wertheimer, owner with his brother Alain Chanel group. With a fortune estimated between 7.5 and 8.3 MdsE, it precedes the classification, Patrick Drahi, head of Altice and Numericable that just offer SFR, Virgin Mobile, Liberation and now has views of Bouygues Telecom. The businessman actually lives in Switzerland since 1999, where he has a fortune estimated between 6.7 and 7.5 MdsE. Castel family, former owner of Saint-Yorre brands, Thonon, Vichy, Cristaline, Senior Coca-Cola in Africa and owner in Bordeaux Chateaux, re-enters the circle of the wealthy French Switzerland.

New entrants the charts

So far four French are emerging Results: Monique Roosmale the nephew, sister of Robert-Louis Dreyfus (830 million euros to 1.25 MoE) ;dropoff window Marina Picasso, granddaughter of the painter (also 830 ME 1.25 MoE); shoemaker Martin Michaeli, owner of Mephisto (750-830 ME); and Daniel Amar family, known in the field of commercial distribution (330-415 ME). Among indebted French ISF and chose the tax exile, Switzerland remains the preferred home ground 20% of them, followed by Belgium (17%) and the UK (14 %).

Ingvar Kamprad in an armchair

The richest foreign family in Switzerland remains with the Swedish Ingvar Kamprad. If the founder of the famous brand Ikea furniture returned to live in his native country, his three son in Switzerland have a fortune estimated between 35-36 MdsE. Recall that the ultra-rich 211.000 of the planet hold 13% of global wealth. Their wealth increased by 6% in 2014 and their assets grew by 7%. It reached 30.000 billion, twice the GDP of the United States …

  Alexandra Saintpierre – © 2014 Boursier.com
 

United States: the balances of “Black Friday” in full swing – the Obs

United States: the balances of "Black Friday" in full swing – the Obs

Washington (AFP) – “Black Friday” which sees the US consumer rush on stores offering monsters balances after the Thanksgiving holiday, has no name since Friday that he now begins from the previous days.

The tradition of this “Black Friday” is that Americans benefit from the deck of the Thanksgiving, which falls on the last Thursday of November to indulge in a shopping orgy in stores slash prices for the occasion. Foremost among the hottest commodities include electronics and apparel.

While the US economy is doing well, especially compared to its European and Japanese competitors, the oil price drop is a new factor that leaves hope for good sales ranging from “Black Friday” of the holiday season.

Consumer spending meets for two-thirds of economic activity in the United States, sales figures are monitored closely by economists. Some institutes even monitor supermarket car parks for indications on attendance in the early hours of the day.

According to forecasts by the National Retail Federation traders, 140.1 million people will buy property between Thursday and Sunday, a little less than last year

-. “Gray Thursday” –

But the “Black Friday” is no longer just since Friday Some stores now open from Thursday, even if it is in principle a public holiday.

“On Thursday just cannibalize the Grey Black Friday,” said Chris Christopher, Director of Studies consumption for IHS Global Insight in a telephone interview with AFP on Friday.

The chains Wal-Mart and Target supermarkets have remained faithful to the tradition by opening the doors of their stores hard to 6:00 am Friday. According to Wal-Mart, 22 million customers through the doors of stores Friday, roughly the same number as last year.

But their online shopping sites have not waited. “The internet sales have started when turkeys were still in the oven and we recorded yesterday (Thursday) our second biggest online sales day of all time,” said Laura Phillips, head of trade policy at Wal -Mart, the biggest supermarket chain in the world.

“Black Friday” is also followed by “Cyber ​​Monday” on Monday, which was the last year for Wal-Mart more strong day sales record.

Target offered his side for the first time reductions “Black Friday” as soon … Wednesday. As for the electronics giant Best Buy, its website crashed for a few hours Friday morning.

Another area to benefit from the purchase of “Black Friday”, the automobile. The price of gasoline at the pump fell this week averaged $ 2.82 a gallon (3.8 liters), down 13% year on year, reaching its lowest level for a week Thanksgiving since 2009.

“While gasoline expenditures account for only 3% of disposable income, it is important for the mood of consumers,” said Chris Christopher.

It expects an increase in retail sales of 4.2% year on year, after gains of 3.1% for each of the previous two years. He recalled that last year, sales at the end of the year, which reached 579.3 billion dollars, had been driven down by the closure of the federal government because of a political crisis and a month unusually cold.

December

According to a Consumer Reports survey, 53% of respondents have no intentions of buying the five-day period covering “Black Friday” and “Cyber ​​Monday”. And the 47% who intend to do so, 38% say they will exclusively online and 30% in stores exclusively in hard.

All the people came before the stores Friday were not necessarily to spend and do business. Before a Walmart supermarket downtown Washington, a few hundred protesters marched Friday morning to demand a minimum wage increase.

Saint Louis (Missouri, center), demonstrators forced a commercial center City to close Friday, demanding a boycott on behalf of the young Black killed in the nearby town of Ferguson.

Comedy at the Goodyear plant in Amiens-Nord – Le Monde

Comedy at the Goodyear plant in Amiens-Nord – Le Monde

Le Monde | 11/28/2014 at 11:55 • Updated 28/11/2014 to 4:02 p.m. | By Jean-Baptiste Jacquin

If it was not such a painful subject, we could have taken over paris. And we would have won. How sad! The announcement Thursday, November 27, the permanent abandonment of any hope of a recovery in the Goodyear plant in Amiens North will surprise.

This tire manufacturing unit, closed since January 1143 were employees. Officially, discussions were open there a year with the American group Titan tires to resume the activity for farm equipment and rehire several hundred people.

But the only candidate buyer has thrown in the towel. Maurice Taylor, the head cowboy Titan, was quick to pour his venom to the antenna of the radio France Bleu Picardie.

“You can not buy because of Goodyear your laws (…) France became a communist country “, he declaimed Thursday. This is not the first time Mr. Taylor revels in primary insult, for more than two years he plays true false saviors of the site.

Permanent War

It does not say the businessman of the Mississippi River is that his group suffers. In the first nine months of 2014, sales decreased by 9% and profits were divided in half. Particular, it decided to increase from 2,300 employees to 1,000 by the end of its workforce in Russia.

Mr. Taylor beautiful game to say that it is because of France that does not include the Amiens plant.

Goodyear side, things have never been clear, it is the least we can say. For six years, the US rival Michelin is in constant war with the local CGT.

After years of fighting to try to reach an agreement, facing a union opposed to any compromise on development working time, Goodyear decided purely and simply close the plant. Had he wanted to sell the site and its machinery to a competitor? It is not sure.

Third player in this tragedy, the CGT, which can also wonder if she wished lead a recovery solution. Failure strengthened its positions hardliners.

The union has launched a legal battle that should last a few years. First victory was won in October when the Labour Inspectorate wrote to employees protected for “ refuse” their dismissal, arguing that their economic “not justified” .

In January, a giant trial will be open to the tribunal with 800 employees challenging economic grounds layoffs. The question actually needs to be asked.

But to put all his energy into these fights, we do not concern the present. Now, a factory closed, and only 64 of the 1,173 people made redundant in January have, to date, found a permanent job.

United States: the balances of “Black Friday” in full swing – Boursorama

United States: the balances of "Black Friday" in full swing – Boursorama

A consumer brings in a TV monitor in his safe during “Black Friday”, November 27, 2014 in Fairfax, Virginia (AFP / Paul J. Richards)

“Black Friday” that sees US consumers rush to stores offering monsters balances after the Thanksgiving holiday, has no name since Friday that it now starts in the previous days.

The tradition of this “Black Friday” is that Americans benefit from the deck of the Thanksgiving, which falls on the last Thursday of November to indulge in a shopping orgy in stores that cut prices for the occasion. Foremost among the hottest commodities include electronics and apparel.

While the US economy is doing well, especially compared to its European and Japanese competitors, the oil price drop is a new factor that leaves hope for good sales ranging from “Black Friday” of the holiday season.

Consumer spending meets for two-thirds of economic activity in the United States, sales figures are monitored closely by economists. Some institutes even monitor supermarket car parks for indications on attendance in the early hours of the day.

According to forecasts by the National Retail Federation traders, 140.1 million people will buy property between Thursday and Sunday, a little less than last year

-. “Gray Thursday” –

But the “Black Friday” is no longer just since Friday Some stores now open from Thursday, even if it is in principle a public holiday.

“On Thursday just cannibalize the Grey Black Friday,” said Chris Christopher, Director of Studies consumption for IHS Global Insight in a telephone interview with AFP on Friday.

A consumer queue before the” Black Friday ” November 27, 2014 in Leesburg (USA) (AFP / Peter Stebbings)

The supermarket chains Wal-Mart and Target have remained faithful to the tradition by opening the doors of their shops hard to 6:00 am Friday. According to Wal-Mart, 22 million customers through the doors of stores Friday, roughly the same number as last year.

But their online shopping sites have not waited. “The internet sales have started when turkeys were still in the oven and we recorded yesterday (Thursday) our second biggest online sales day of all time,” said Laura Phillips, head of trade policy at Wal -Mart, the biggest supermarket chain in the world.

“Black Friday” is also followed by “Cyber ​​Monday” on Monday, which was the last year for Wal-Mart more strong day sales record.

Target offered his side for the first time reductions “Black Friday” as soon … Wednesday. As for the giant Best Buy electronics, its website crashed for a few hours Friday morning.

Another area to benefit from the purchase of “Black Friday”, the automobile. The price of gasoline at the pump fell this week averaged $ 2.82 a gallon (3.8 liters), down 13% year on year, reaching its lowest level for a week Thanksgiving since 2009.

“While gasoline expenditures account for only 3% of disposable income, it is important for the mood of consumers,” said Chris Christopher.

It expects an increase in retail sales of 4.2% year on year, after gains of 3.1% for each of the previous two years. He recalled that last year, sales at the end of the year, which reached 579.3 billion dollars, had been driven down by the closure of the federal government because of a political crisis and a month unusually cold.

December

According to a Consumer Reports survey, 53% of respondents have no intentions of buying the five-day period covering “Black Friday” and “Cyber ​​Monday”. And the 47% who intend to do so, 38% say they will exclusively online and 30% in stores exclusively in hard.

Consumers in the street during the” Black Friday, “November 28, 2014 in London (AFP / Justin Tallis)

All the people came before the stores Friday were not necessarily to spend and do business. Before a Walmart supermarket downtown Washington, a few hundred protesters marched Friday morning to demand a minimum wage increase.

Saint Louis (Missouri, center), demonstrators forced a commercial center City to close Friday, demanding a boycott on behalf of the young Black killed in the nearby town of Ferguson.

Copyright © 2014 AFP. All rights of reproduction and distribution reserved.

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Franco-German report Macron does not initiate reform of … – Le Parisien

Franco-German report Macron does not initiate reform of … – Le Parisien

<- Hard & eacute; e: 0.0086758136749268 sec -> France threatened by a “lack of courage”, must loosen its labor market, monitor wage growth and reduce expenditures, while Germany, which risk “excessive contentment,” must invest welcome more immigrants and encourage the work of women, according to a Franco-German report Thursday in Paris.
                  <- Hard & eacute; e: 0.00044393539428711 sec -> The French Economy Minister Emmanuel Macron immediately that he did not intend to initiate reforms on minimum wage or salary negotiations timetable. By cons, he wants the investment plan of the head of the European Commission Jean-Claude Juncker is more ambitious.

The economists Jean Pisani-Ferry and Henrik Enderlein, charged by the Ministers of the French and German Economy to provide growth paths for the two countries also require a more significant investment European effort in this text very expected. They feel that, where France is facing needs reforms “urgent and detailed” Germany must stop “procrastinating” (procrastinating, Editor’s note) face “serious challenges . long term “

If their recommendations were quite expected, the two authors stress the urgency of the situation:” We are approaching a turning point. Economic, social and political dangers that Europe faces put us all in danger. The division would be bad for everyone. Paris and Berlin have a shared responsibility to prevent it happen. “

Easing the labor market in France. The two economists believe that France must give companies the opportunity to develop more easily work time, as revealed in broad strokes the German magazine “Der Spiegel” on Monday. Paris must also encourage permanent hiring by making the costs and delays of “predictable” layoffs. “It is more important to speak of the structural characteristics of the labor market than arguing about political symbols is particularly true for the 35-hour week,” they write.

Review the rising wages and the minimum wage. The report also believe that we must curb wage increases disconnected activity by extending to three years instead of one year delay between wage negotiations, or by revising the method of calculating the minimum wage .dropoff window France should also “set a goal” of public spending, promising to bring them back to 50% of gross domestic product (GDP) as against 55% in 2013.

Macron not desired three-year negotiation

” It is not anticipated through the law to pass a three-year negotiation ‘wages said Minister of the French economy, and is “no plans to change” the formula for calculating the minimum wage, two of the most salient recommendations of a Franco-German report issued Thursday.

Encourage the work of German. The report is not stingy with recommendations for Germany, where “the success of past reforms (…) diverts attention from the serious long-term challenges.” The “main weakness” of Germany’s demographics, very slow. To remedy “Immigration must increase” in order to accommodate 300,000 people per year. The report also advocates encouraging women’s work, through taxation and law, rather than discourage mothers to work full time.

Berlin needs to invest more. The first European economy should also invest an additional € 24 billion in the next three years, according to the report. More than double the 2018 € 10 billion investment promised by Berlin here.

The map Juncker deemed insufficient. Finally Jean Pisani-Ferry and Henrik Enderlein go beyond the plan presented Wednesday by the President of the European Commission, Jean-Claude Juncker, who expects to generate 21 billion euros of European funds to finance a total of 315 billion euros of projects. According to them, the starting bid is inadequate and that the states should put 30 billion euros more on the table. Jean-Claude Juncker has also already called itself the European capitals to bring their money to support his initiative.

A view shared by the French minister. “We need more real money,” said Emmanuel Macron, citing in particular the possibility to deduct the money spent by the states of European investment calculations of deficit and debt, or to provide a “capacity debt “European fund to be created to invest.

VIDEO. Investments: Macron wants to improve the plan Juncker

The text of the Franco-German report

Goodyear: no buyer for the Amiens North plant – L’Observateur

Goodyear: no buyer for the Amiens North plant – L'Observateur

Amiens (AFP) – The tire giant Goodyear announced Thursday the final discussions with US equipment failure Titan, signaling the end of the last hopes of saving a few hundred of the 1,143 jobs lost during the closure of its Amiens North plant in January.

“I can say today that any discussion with a potential buyer, including Titan, is over,” said Jean-Philippe Cavaillé, in an exclusive interview Amiens with Le Courrier Picard.

The decision, he said “final” and “irrevocable” primarily concerns Titan, the US supplier, “a strong partner Goodyear” which s’ has long expressed interest in the business recovery site agricultural tires.

A first draft of recovery had ended in failure there two years after its rejection by the CGT held to remind Mr. Cavaillé Thursday.

“In recent months, we again approached the Titan group to try a new and final time, to find a solution to the Amiens-Nord website In a difficult economic environment, “said HRD, indicating that the ultimate failure of the discussions was very new

.” We had three goals: to ensure that the plant could be reopened that jobs are guaranteed, that the sustainable business to develop. We have not managed to find common ground with Titan. This is definitely finished, there will be no site of recovery, “he declared.

Nearly 330 employees were likely to be hired by Titan and its CEO, Maurice Taylor.

In October 2013, before the closure of the plant at the end of a long and bitter struggle of six years between the CGT and Goodyear, Minister of Productive Recovery Arnaud Montebourg, asserted that he had received a partial takeover offer Site amiénois by Mr. Taylor. This is despite the passage of arms that had opposed a few months earlier after harsh words from American on some hard work of French workers.

In January, the plant closed, the Minister considered that the agreement between the CGT and Goodyear “now opens up the possibility of the arrival of Titan and M . Maurice Taylor had asked that the conflict (…) is finally ended. “

Titan recovery rumors had begun to circulate these last weeks, the CGT had assured that it would nothing to block, up to say that his delegates wished not to work on the site.

When asked this week by AFP, Maurice Taylor had assured “that nothing was going on between Titan and Goodyear “and promises of the CGT are changed anything.

He again denounced the French labor law that had allowed, he said, the CGT pursue justice in Goodyear obtain more allowances after the signing of an agreement ending the conflict.

“You can never say never”, but it can not be a recovery, “unless someone changes the laws “Had he said.

Mr. Taylor also indicated that he “had never been in contact with Emmanuel Macron,” the successor to Mr. Montebourg in government.

Today, 1,008 former employees are affected by the redeployment leave which ends in February 2015 while a few weeks ago, the labor inspectorate overturned the dismissal of 42 elected staff

The CGT has initiated several legal proceedings. action labor court to invalidate the reason for redundancy -audience January 22 in Amiens- and group action in the United States on occupational diseases.

Goodyear does not want to communicate about these procedures.

Now, after discussions to find a buyer, “we must focus all our energy to find a solution for each employee,” he said simply HRD.

Thierry Lepaon justify the expensive work of his office – The World

Thierry Lepaon justify the expensive work of his office – The World

On Europe 1, he responded to the revelations chained duck , which, after the revelation of the work of Mr. Lepaon apartment, says her office has been renovated over 62 000:

“As part of the work done in the confederal home, we felt it was good to remake the office of the secretary general of the CGT. [...] Our building was built thirty years ago and every year there are facts work to maintain this heritage. “

Read also: After the apartment, the costly renovation of Thierry office Lepaon

He said that the office it occupies its predecessor Bernard Thibault, had not been redecorated since fifteen years. He explained the high cost by the need to redo “electricity, heating, cooling and soil” .

A TABLE, AN OFFICE, A CHAIR AND STORAGE CABINET

He listed the furniture of his office, the bill came to 21 500 euros, according to Le Canard chained “There is a meeting table which allows to work at eight, a wooden desk and glass, an armchair and a cabinet. “ ” The peculiarity of this piece is that it has an unusual shape: the roof of the cabinet looks like a factory roof “, which was thought by ” architect “.

Mr. Lepaon was keen to stress that he was not seeking such furniture: “I discovered the furniture once it was installed. “ He also told ” pained “ ” people use quotes and invoices to pose a slander upon the SGC “.

Read the blog post: CGT: the offensive against Thierry Lepaon grows

He did not rule out that these revelations in the press are linked the succession crisis that has torn the union:

“It may be that there has in the organization who do not accept the choices made by the unions at the convention (March 2013 in Toulouse, where Mr Lepaon was elected head of the confederation) . I do not want to throw suspicion or on the staff of the home or confederal on the leaders. “

& gt; & gt; Read also: The “bad patch” of the CGT announcement sustainable

OPEC she will cut production ‘Verdict on Thursday – Romandie.com

OPEC she will cut production 'Verdict on Thursday – Romandie.com

Vienna – OPEC in Vienna on Thursday took its most important decision and the most uncertain for years, the cartel facing a difficult choice between reducing its production ceiling to try to stop the oil drop, or simply maintain, possibly committing to better respect it.

The ministers of the twelve countries of the Organization of Petroleum Exporting Countries must be in the morning at its headquarters, located in the Austrian capital, to develop a compromise.

After years of stagnation between 100 and 120 dollars, the price of Brent crude fell by more than 30% since June, its biggest slump since the end of 2008.

Brent (reference oil market) and the US WTI thus plunged this month to their lowest levels in four years, around $ 75 a barrel.

Some of the oil cartel, Venezuela in mind, undermined by the financial meltdown, advocate a reduction of the collective production ceiling of OPEC, set for three long years to 30 million barrels per day

-. Discussions with Russia –

A measure that would help reduce the excess supply in the oil market, currently overcapacity due to the surge in US oil production (with shale oil extraction, including ), coupled to the current economic slowdown in Europe and China, which slows the consumption of black gold.

The production ceiling is the main tool of OPEC to regulate the global oil supply. But the lower would have the disadvantage for the cartel to lose market share to its members to other producing states, unless the latter are willing to apply similar measures.

Several cartel members, including Venezuela and Iran, thus called to work with off-OPEC oil countries to rebalance the market. And a meeting with representatives of Russia and Mexico, both non-OPEC countries, has also held Tuesday in Vienna, but lead to a general decline in production.

The other option, which has the support of OPEC leader, the Saudi Oil Minister Ali al-Nuaimi, would raise his back while waiting for the storm subsides, and thus maintain the production ceiling at its . current level

The market will eventually stabilize, he was launched on Wednesday to reporters and showering hopes for a reduction of the cap

-. Necessary adjustments –

On Tuesday and Wednesday, the OPEC ministers have stepped face to face interviews to try to draft a compromise, and multiplied reassuring statements, but the greatest uncertainty continued to reign just hours before the start of the meeting.

I have confidence that OPEC will be able to make a decision in a very unified, said Wednesday evening Mr. Al-Nuaimi, without specifying which side the balance was.

His Algerian counterpart, Youcef Yousfi has meanwhile assured that the cartel was seeking a consensual and stable solution, which provides the necessary adjustments (face) to market imbalances.

In the absence of a reduction in the ceiling, an intermediate solution mentioned by analysts, would be to maintain the ceiling, but to commit to be applied with more discipline, just to calm down investors.

OPEC indeed exceed the required level (they all pumped 30.6 million barrels per day in October, according to estimates from the International Energy Agency).

(© AFP / November 27, 2014 4:01)

(AFP / 27/11/2014 4:04) ^ ->
 

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Jean-Claude Juncker multiplies billion … – Le Point

Jean-Claude Juncker multiplies billion … – Le Point

How urgent boost investment in Europe without putting a euro extra money on the table? This is the equation that Jean-Claude Juncker is about to solve Tuesday morning. The new president of the European Commission must present his famous plan to invest 300 billion promised during their European campaign. And the least we can say is that it is dealing with numbers.

According to a European diplomatic source, the Commission has miraculously found how to inject 315 billion investment in three years . This represents 2% of EU GDP over three years is almost three times more than the stimulus package of 120 billion euros sold by François Hollande in 2012 in exchange for the ratification of the European fiscal treaty.

From 8-315000000000

The magic wand is based on a financial package for less complex. In all, the European Union will mobilize € 8 billion of existing EU funds. Objective provide guarantees for a new European fund, the Fund for strategic investments. The Commission experts are formal, this amount will raise 16 billion euros in guarantees. A total increased to 21 billion euros thanks to the mobilization of 5 billion from the European Investment Bank (EIB), thanks to profits from loans from the European public bank during the crisis.

With this war chest, the European Fund for strategic investments, lodged with the European Investment Bank, should be able to lift three times more money, 60 billion promised by the Commission. Targeted to support the bulk of the risk of major investment projects, the 60 billion should theoretically generate 255 billion of purely private money today not spent by the reluctance of private actors. The account is good: 60 + 255 well give EUR 315 billion. Welcome to the wonderful world of “leverage.” In total, one euro of public money must generate 15 euros investment.

Take charge of the risk to reassure the private

The mechanism is tantamount to industrialize the experimental phase of “projects bonds”, these project bonds that already allow France to finance private money on the deployment of high speed broadband internet in rural areas. For the Commission, it is very important that the Fund does not replace private money that would have been spent anyway but come unlock valuable projects but deemed unprofitable far as too risky. “We do not want to fund a third highway between Lisbon and Porto, where there are already two and which one is empty,” warns a European source.

The formula visibly mounted for stopgap, has the huge advantage of not requiring additional public money from the Member States. These may of course replenish the Fund on a voluntary basis, with the assurance not to worsen their public deficits as they get their hands on an active face of the injected money. But no need to wait for them to start spending reckoning. There will be no need to renegotiate any treaty, a long and risky procedure, or the EU budget, birth in pain. There are emergency: the European economy can not wait. Another advantage, not least, the famous rating from the rating agencies to the European Investment Bank, which held the precious AAA as the Germans, will be preserved. The institution of Luxembourg will not have to take more risk in all its operations.

The first euro spent late 2015?

There remains the question of the use of money. 75 billion will be reserved for lending to medium-sized businesses. Another 240 billion must be mobilized on investment projects in areas such as European transport, energy interconnection, digital … All will be selected for their value to the European economy by Directors General of the Commission and EIB supported by experts in each field and not on the basis of a national or sector allocation. The idea of ​​linking the distribution of projects in advanced structural reforms as was mentioned a time seems, in these conditions, hardly possible, according to a European source.

The new fund is expected to be operational by the end of June 2015, the Commission hopes that aims to spend the first euros by the end of next year. A real sprint that Jean-Claude Juncker teams seem ready to run. It seems so simple that one wonders why they have not e done before.

The golden boss’s office of the CGT – Le Parisien

The golden boss's office of the CGT – Le Parisien

     
 
             
             
     
                         

 
                         
                         
             
             V. V. |
             November 26, 2014, 0:00
             
         

         
         
                           
         
 
         
 
         

 
                             
             
               
         
 
         
         <- Extract: begin ->
           
                                                          THIERRY LEPAON again in turmoil. After the expensive work in his apartment Vincennes (Val-de-Marne) per 105 000, the boss of the CGT is going to have to explain those in his office at the headquarters of the CGT, in …
                   <- Extract: end ->
 
 
                 
         

 
              
               
 

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Besides his apartment, the Lepaon office renovated at great expense … – The Obs

Besides his apartment, the Lepaon office renovated at great expense … – The Obs

Paris (AFP) – In addition to the expensive work in the official residence of the leader Thierry Lepaon, CGT also spent € 62,000 to renovate his office at the headquarters of the Central Montreuil, near Paris, says Canard chained to appear Wednesday.

The weekly satirical reproduced in its Wednesday edition extract an estimate for development work, made at the beginning of the year, in the office Mr. Lepaon, for an amount of 62,179.44 euros.

According to the Duck, who also revealed last month of work in Mr. Lepaon official apartment, the office over “50 square meters” has been completely renovated, including the floor, furniture, electricity.

The Executive Committee of the CGT (extended direction), held Tuesday at the headquarters of the Central, “was informed of the amount of work “, following revelations of the chained duck, told AFP an internal source.

” We are in excess, “said this source. She says by way of explanation, Mr Lepaon stressed that “for 15 years, there was no work in this office.”

In an interview on October 19 France 5, he stressed Lepaon after his election as head of the Confederation in March 2013, he had “lived for almost a year in the furniture Bernard Thibault,” his predecessor. Then “we redid almost everything in this office,” he said.

The CGT else spent 105,000 euros to renovate the apartment of 79 square meters according to its general secretary, located the edge of the Bois de Vincennes.

But Mr Lepaon had said that he had not been informed of the cost of the work and reports malfunctions within the plant.

The issue had caused a crisis within the CGT and led to heated debate at the meeting on 4 and 5 November the National Central Committee (NAC, “parliament”).

The Board Financial Control (CFC) was asked to shed light on malfunctions. However, the management refused the extension of this supervisory body to executives from the Parliament of the CGT, despite requests to do so.

A Florange, the annual visit of Francois Hollande – The World

A Florange, the annual visit of Francois Hollande – The World

His first visit in Florange during the presidential campaign in 2012 had raised hopes among steelworkers. He promised to do everything to prevent the extinction of blast furnaces in the steel site, finally occurred in April 2013. Many employees had then considered their closure as a “treason” of the head of the State

Read decryption. Florange, Gandrange: presidents pass, pass away the promises

“COMMUNICATION CAMPAIGN”

The president is scheduled to meet in the morning former employees reclassified furnaces, staff representatives and management of the ArcelorMittal site. Some unions have, however, declined the presidential invitation, the General Confederation of Labour called on workers to protest, denouncing “political communication campaign” . Workers Force preferred “call to indifference” .

Of the 629 employees of blast furnaces, about 320 have returned to a position internally on other ArcelorMittal facilities Florange, 40 went to work at other sites of the group and the others took early retirement. ArcelorMittal opportunely announced this week 30 hires in fixed-term contract in Florange, the first at the site since 2008, when still working about 2200 employees.

As for the € 180 million investment commitments by the Group to modernize its site, they are “on track”, according to management, and could even be brought up to 238 million euros, according to the Elysee. In an interview with Republican Lorraine on Monday morning before his visit, Mr. Holland insists also that “government commitments and promises made by Mittal were respected.”

MESSAGE BY EX-MINISTERS WHEREAS BY TRADE UNION

When asked on France Info, the former minister and Socialist MP Moselle Aurélie Filippetti has not been kind to the president. “In Florange, much hope had been raised during the 2012 campaign,” , she noted. “He made very strong commitments to a real industrial policy, a real voluntarism, creativity in the economic” , she stressed. But “realpolitik caught him in the fall of 2012. It was a turning point in the five-year”.

On RTL, another Former minister, Cécile Duflot, took the opportunity to criticize the new government’s economic policy, which, she says, “exacerbates inequality” and “creates unemployment.”

In addition to certain steel producers, actors could disrupt the highly rounded program of the president. Starting with a delegation of employees Ecomouv ‘of Metz, whose fate is uncertain since the abandonment of the environmental tax by the government. According to a union source, many of them rely challenge the president failing to have obtained a formal interview.

Moselle as in the Meuse, angry farmers also want to speak to the head of the state. “If he does not come to us, we will come to him,” has promised Thomas Perrin, president of Young Farmers in Lorraine.

OPENING OF A NEW FACTORY IN THE MEUSE

In addition to the site of Uckange, Francois Hollande will also open in the afternoon a new Safran-Albany plant in Commercy (Meuse). This parts production site for the new generation of aircraft engines LEAP (for Leading Edge Aviation Propulsion – a new generation of jet engines) opened its doors in the spring. It already employs more than 90 people and is expected to generate 400 direct jobs by 2018.

Mr. Holland will be accompanied by Jean-Marc Todeschini, promoted secretary of state for veterans after the resignation Friday Kader Arif, quoted in a survey to favoritism. Strong man of the Socialist Party (PS) and close to the Moselle president, Todeschini was a key player in Florange folder. It is to him that the PS is rallying the local leader of the French Democratic Confederation of Labour, Edward Martin, promoted top of the list in the European elections on the list of the Great East.

Do we really freeze wages? – Challenges.fr

Do we really freeze wages? – Challenges.fr

Close, too close? The Economy Minister Emmanuel Macron and his German counterpart, Sigmar Gabriel, commissioned a joint report to boost growth on both sides of the Rhine. Surprise: it would argue for a wage freeze in France for a period of three years, on the model of Germany, champion of its kind in Europe. Macron he will copy his colleague Gabriel? Partially unveiled by the magazine Der Spiegel, this text, prepared by Jean Pisani-Ferry and Henrik Enderlein, two economists from the left, will be presented on Thursday. In the absence of a gel, the government should advocate wage moderation.

A tool that is indeed seen as a good adjustment variable costs for businesses. According to the report of the 2014 OECD Employment Outlook, it has been used by many European countries. The German experience, in fact, allowed a gain of 10 points of unit labor costs since 2008, coupled with increased productivity. Last September, a note from France Strategy, chaired by Jean Pisani-Ferry, defended a “wage restraint necessary in the services sector” , including those used by the industry.

guilty Patterns

In mid-November, a report by The Suggestion Box, think tank close to the UMP, noted that bosses have their share of responsibility in the degradation of margin, which fell one point per year since 2008 in France. Because the share of wages in value added has increased at the same time as social security contributions. “This wage, disconnected from corporate health, can not be attributed to the State (social contributions) or the minimum wage, as does the MEDEF, relèveLa Suggestion Box . Wage policy freely decided by companies also bears a heavy responsibility “.

According to a 2010-2011 study, 70% of companies with more than 10 employees have not lowered their remuneration policy since the beginning of the crisis. Worse, some may use part of the IECC and responsibility pact (41 billion euros in total) to increase remuneration. They would be interested 26% in industry and 41% in services, according to a study by the INSEE. These devices competitiveness, which take the form of payroll tax relief on low and medium wages, then fail (…)

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PSA never ceases to adjust its workforce – Europe1

PSA never ceases to adjust its workforce – Europe1

Europe 1 Gabriel Vedrenne Published at 19:15 on November 24, 2014 , Modified at 7:52 p.m., November 24, 2014

© REUTERS

Gabriel Vedrenne

The 11,600 jobs lost between 2011 and 2013 were clearly not enough: Peugeot Citroen wants to continue its adjustments in staffing in 2015. The management of the automotive group has formalized its intentions Monday at a central committee extraordinary works. With a simple principle: to separate senior employees that operate in industries in crisis and hire young people on work for tasks become

© Maxppp

The numbers that do not match the needs After relocated part of its production abroad and face sales? down in Europe, Peugeot Citroën is left with much higher numbers to their needs in France. The automotive group therefore wants to continue downsizing began in 2012. Or rather the adaptation of its workforce, as it now is to separate the employees working in occupations where needs decrease to increase enrollment in business booming. And obviously, this restructuring is not over 29% of employees operate in PSA decline in business, according to the Observatory trades and skills

& gt; & gt;. ALSO READ – Automotive: French successes are they really “Made in France”

© REUTERS

2.050 new beginnings and 1,400 land-use changes. The management has therefore announced Monday it would provide 1,500 seniors leave, that can go several years before the legal retirement age, with 70% of salary. But also 550 “secure external mobility”, that is to say, a departure from the company with the opportunity to return, if the employee chooses, up to two years after his departure. Or 2,050 fewer jobs.

The manufacturer also hopes to convince “around 1,400 employees” to change internally post. But the goal, which specifically targets Poissy sites, Mulhouse and Rennes, seems hardly attainable: in 2014, a similar device has attracted only 50 employees on an initial target of 250

. . 2,550 hires alternating In consideration of departures, PSA will recruit 2,000 young people on work in 2015. It has a double advantage: these employees cost less than seniors and are trained in new trades that develop. The company should also conduct some 550 permanent recruits, mainly in marketing and electronic electricity sector.

© REUTERS

A real bloodletting since 2012 On paper, so there is more than hiring Departures. But those ads are sensitive to a group that has continued to reduce its workforce since 2012: Beyond the very symbolic closure of the factory in Aulnay-sous-Bois, in Seine Saint Denis, 11600 positions were eliminated between late 2011 and late 2013

Despite the magnitude of this reorganization, the bad news continued to accumulate in 2014. 2,100 seniors leave have been concluded, “twice expected “by the trade magazine L’Usine Nouvelle , and 300 temporary workers employed on the site of Sochaux, were dismissed in November. Not to mention the Peugeot Scooters subsidiary whose PSA is negotiating the sale to the Indian Mahindra and employs 488 people. In this context, the CGT denounced “a new plan of job reductions” and did not fail to recall the “sacrifices” already made by employees in the name of recovery.

The evolution medium-term workforce in the automotive industry PSA is indeed impressive: the number of employees (permanent and fixed-term contracts) increased from 136,400 in 1985 to 58,000 in 2014. An inexorable decline which is interrupted between 1999 and 2004. The workforce abroad, after doubling between 1985 and 2005, remained stable since

& gt;. & gt; ALSO READ – Combined with Dongfeng PSA will build a new plant in China