Hollande promises to fight layoffs

July 17th, 2012

On Bastille Day (14/07), French president says jobs are his top priority and dubs automaker Peugeot’s job cut unacceptable – Published on Al Jazeera, July 14, 2012.

Francois Hollande, the French president, has pledged on the country’s national day to fight industrial layoffs and clean up French politics. The French leader attended the Bastille Day celebrations on Saturday watching troops parade down the Champs Elysees in Paris as jets streamed the national colours overhead … //   

… Hollande, who pledged during his campaign to lower the highest unemployment level in 12 years, faces a major challenge after Peugeot said on Thursday it would axe 8,000 jobs in France.

Accusing the company’s management of strategic errors and misleading the public over its intentions, Hollande said he could not accept the restructuring plan as it stood, and promised public incentives to help French-made cars.

Hollande also promised to reinvigorate French industry and reduce the national debt – but he steered clear of specifics.

Al Jazeera’s Simon McGregor-Wood, reporting from Paris, said: “Away from the military parade, this is all about the French celebrating the best of their politics, history and culture.”

“But the economic and social challenges facing France are mounting everyday, and the traditional consensus about the French way of life and how best to preserve it, is not as strong as it used to be.”

Despite the challenges, Hollande is still enjoying his political honeymoon period. Although with more dire economic news and more jobs set to be shed on the horizon, it is a respite that may not last long.

The socialist president refused to comment on the feud between his current companion and ex-partner, saying that he intended to keep his public and private lives separate.

The French president also spoke about the ongoing Syrian crisis.

“We must continue to apply pressure for the departure of Bashar al-Assad and for a political transition to take place,” he said, before warning that “the worst thing that could happen would be to have a civil war”. (full text).

Links:

Absurdity rules the world, on Intrepid report, by Siv O’Neall, on July 16, 2012;

The real Libor scandal, on Intrepid report, by Paul Craig Roberts and Nomi Prins, July 16, 2012;

Dream encounters, on Intrepid report, by Missy Comley Beattie, on July 16, 2012.

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