Mining giants could reduce capital
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Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille
The tone has hardened in the conflict between marine companies between Corsica and the mainland. The strike called by the CGT Wednesday to demand the application of the same social laws to all shipping companies, including foreign competition, making these runs was repeated on Sunday. This movement was caused Saturday "anger" of the direction of SNCM (Société Nationale Corse Méditerranée), 66% subsidiary of Veolia Transdev. The South (ex-CMN) is also affected by the strike. The movement "is followed at 28% to SNCM, a little more to the CMN, but enough to prevent smuggling," said the leadership of SNCM.
The nine SNCM ships and the South (ex-CMN) assigned to services between Marseille, Nice and Corsica are therefore remained docked for the fifth consecutive day, some 13,000 passengers were affected since the conflict began. Many of them have changed their return by traveling on ships of the private company Corsica Ferries, Italian flag, which normally circulate. SNCM has expressed "outrage" because "this movement supposed to fight our competitors strengthens the contrary, beyond their expectations." Moreover, the director of the company for Corsica, Pierre-André Giovannini, expressed his "regret for the inconvenience to our customers, passengers and cargo carriers, and this new blow to the island economy." He said over the weekend of May 8 Bridge is "one of the most important pre-season tourist" for Corsica.
Political parties challenged
The striker will meet again on Monday to decide on the following movement. "So is the future of thousands of jobs in our profession," says the union in a statement savings account payday advance. The strike comes as the ferries market suffered the turmoil of the crisis in recent years. Thus, since its passage in the private sector in 2006, SNCM has almost always been in the red. She was accused of operating losses of 15 million euros last year. Especially, the CGT sailors had already scored a major coup a year ago by stopping work for 47 days, never seen to SNCM. If it were to get bogged down, however this new strike is unlikely to change the trajectory of the group. The direction of the SNCM instead reiterated its "determination to rapidly modernize and evolve the company, in all areas." Last March, the chief executive, Marc Dufour, warned that SNCM would have to separate at least two car ferries and 800 employees in 1617.
The case quickly took a political turn. Friday, a trade union delegation was received in Paris by representatives of different parties, including the national secretary of the PCF, Peter Lawrence. His party has tabled in the Senate on March 22 a bill to require all companies operating in France the first entry in register of ships, making them subject to French social laws. Sailors CGT also met the spokesman of the Socialist Party, Benoît Hamon, who is, according to the union, "clearly in favor of the adoption of this law," and a consultant Francois Hollande. In Marseille, finally, a delegation was received by the federation UMP.
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Employers can say a big thank you to the Social Chamber of the Court of Cassation. The judges of the highest court in the French judicial system will in fact reject the judgment of the Court of Appeal of Paris in September 2010 had invalidated the social editor of a banking software, Viveo the grounds a lack of economic incentive. "This decision could not be clearer, says Malik Douaoui, partner in employment law at Taj. The lack of economic incentive does not justify the invalidation of the redundancy. Its validity is independent of the reason for dismissal. "Even in terms of Virginia Devos, a partner for his share in August & Debouzy:" We had a sword of Damocles that the magistrates of the Supreme Court have raised strictly applying the current law. Their commentary is clear: it can not have judgment without text. "
Current legislation does not in fact authorizes a judge to cancel, before it was implemented, a social plan for any reason whatsoever. The only people qualified to vote are the industrial tribunal that councilors may have to decide, ex post, the lack of or inadequate backup plans implemented. And with this, the key, generally, heavy damage compensation as a benefit for employees who brought the case to court. "This decision removes the freedom of judges to interfere in the a priori social plans", and welcomes Nicolas Sauvage, member of the influential lawyers' union in labor law, Avosial, which in February had alerted all the presidential candidates on this sensitive issue during an election law to dismissal on line pay day loans.
"This decision does not alter the political debate of layoffs but said equity rule the legal issue," says Devos, however, Virginia. In due. Francois Hollande has indeed committed, in a letter to the union Avosial mid April, if elected to make "an appropriate response" to social plans "of pure convenience announced by successful companies" while acknowledging that they represented only a tiny minority of cases in France. "We are not immune to the legislature shortly text files to allow judges to interfere in the management of enterprises and thus thwart the decision of the Court of Cassation," Devos fears Virginia. 'E wish them courage to write this text especially good for the principle of free enterprise under pain of being censored, as in 2002, by the Constitutional Council, "abounds Nicolas Sauvage. "The whole question is about the place we want to give judges in controlling redundancy plans," explains Malik Douaoui. There is therefore perhaps not heard the last of this case Viveo
.
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The International Monetary Fund will have an additional $ 430 billion, that he will agree about forty of its 188 member countries. Christine Lagarde did not hide his satisfaction at the conclusion of meetings this weekend in Washington, first at the G20 then the policy committee IMF policy.
"This almost doubles the Fund's lending capacity. This really shows the determination of the international community have the tools to resist and defend against the attacks, "said the CEO, relieved to have obtained a strengthening of the" firewall "of the IMF it deemed absolutely necessary.
In addition to the States in the euro area, which had announced in December 2011 their stake to 150 billion euros (nearly $ 200 billion), other countries of the European Union bring their mite, including the United Kingdom (15 billion). Japan (60 billion) will be the largest individual contributor, while Saudi Arabia and South Korea will contribute 15 billion each. In total, $ 340 billion that was pledged by name. What to add 90 billion from a number of emerging countries, including China, Russia, India and Brazil. But they prefer to "talk first to their publics the number of their contribution," said Christine Lagarde.
From this list, the United States and Canada are conspicuous by their absence. Washington had previously stated that he was not opposed to a process of strengthening the IMF on a voluntary basis, but he would not participate. As for the Canadian Finance Minister Jim Flaherty has said aloud what many feel a whisper: "We believe that the Fund has adequate resources to meet immediate needs. The reality is that European countries are relatively rich … They must take the bull by the horns and solve this problem with their own resources, "he said at a news conference.
Expanded powers
The euro zone's balance of payments surplus is globally vis-à-vis the outside world should not in fact need to be rescued by the IMF, confirmed privately one of his top officials. But Europeans are reluctant to help each other themselves as necessary, and they need the funds as a policeman to impose unpopular reforms programs, as is the case for Greece, Ireland and Portugal.
Vice Minister of Finance of Singapore, Tharman Shanmugaratnam, who chairs the committee that guidance of the Fund, did not mince his words nor his vis-à-vis the Europeans: "The firewall is necessary, but far from enough. The real solution lies in the fiscal and structural reforms to address the real causes of the crisis. "
Emerging countries, by the voice of the Brazilian Finance Minister Guido Mantega again requested an extension of their power within the IMF, and they got satisfaction. The G20 communiqué pledges to "a comprehensive review of quotas by January 2013." Moreover, the central bankers of the G8 countries, who gathered in Washington specifically too, were willing to facilitate "access to capital markets' five state" Arab Spring ".
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A few days ago, British fashion designer Stella McCartney presented with great fanfare the official uniform of British sportsmen at the Olympic Games in London. A choice at the initiative of Adidas, which has not hesitated to use one of the hottest designers of the moment to boost his image. Although the final result has not been universally accepted. But the detail is not so harmless, while dress codes of the great champions continue to evolve under the combined effect of economic and political pressures.
New more powerful actors in the sports economy
The sexy outfits would only respoonsables the success of beach volleyball according to critics.
At the entrance, the staff welcomes you with a "hello-namaste." In the room, remind you of Paris macarons, but the decor is no doubt: you are in India. At the table, it offers a good curry and burgundy … Welcome to the Sofitel Mumbai KBC, the first hotel brand in India since its move upmarket, which began in 2007. The first stone was laid that year in the new business district of Bombay, near the largest stock of diamonds. The hotel was inaugurated this week. "The biggest challenge in India, the construction time. There are a lot of bureaucracy. We had to ask more than one hundred licenses, "said Robert Gaymer-Jones, CEO Sofitel Worldwide.
The 5-star luxury 302 rooms (first prize $ 250 a night) employing 520 people is to compete with the chains located in Bombay: Indian Taj and the Oberoi, but Four Seasons, Hyatt, Westin and Shangri-Here which opened its first facility in mid-June "There is not enough supply, so there is market share to take," said Denis Hennequin, CEO of Accor, decided to accelerate in India. The group has 15 hotels today and will end the year at 23. We stay away from the expansion in China, where Accor has more than 120 addresses. "There are high barriers to entry into India. Everything takes time. We must find the right partners, "explains Denis Hennequin. Eleven openings are planned this year, with five this month, the first Pullman and Formule 1.
Goal of becoming the first hotel outside India
By 2015, Denis Hennequin is 90 hotels open or under construction and the place of the first international hotel group in India. "This represents a sixty hotels open," says Christian Karaoglanian, managing director of hotel development, which indicates that 30 to 40 million euros are invested annually in India, where the group is developing with local partners. The Sofitel Mumbai represented an investment of about fifteen million euros for Accor, which owns some of the walls. All operations undertaken in India is so far a total of 223 million euros worth of assets of 1.15 billion.
The leading position covered by Denis Hennequin is occupied by Carlson, with 52 hotels. The battle promises to be tight. "We have a very privileged position in India that is the envy said Hubert Joly, CEO of Carlson. We will try to keep it. "The group plans to build 48 hotels and has signed a partnership agreement with the Indian Bestech Hospitalities to open fifty Park Inn by 2024.
But places are to be taken. "There are 150,000 hotel rooms across India, as well as in the city of Shanghai," said Christian Karaoglanian. Accor, the openings will be especially Formula 1, Ibis and Novotel. Sofitel two are scheduled to Bombay with a "So Sofitel" contemporary design. Outside of Bombay, Robert Gaymer-Jones looks as opportunities in Delhi, Bangalore and Goa.
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Full marks for ver.di. The first major wage negotiations this year in Germany was crowned the success of service trade union leader and his mustache, Frank Bsirske. Negotiators side employees were claiming 6.5% increase to two million civil servants and local authorities. The increase will be 6.3%. This historic increase will be gradual (+ 3.5% of salary plus retroactive to March 1) and spread until August 2013. Four negotiation sessions and forty hours of discussion for the last round resulted in spectacular agreement. The only intransigence Bsirske, who has earned his stripes as a figure of unionism on the occasion, does not explain everything.
The strong protests by the workers during the strikes of March preventive in hospitals, public transport and airports as well as the fear of employers to see the movement repetition employees placed in a strong position. Up to press the government to "pain threshold", in the words of Interior Minister, Hans-Peter Friedrich (CSU), government negotiator.
Election and purchasing power
The union knew they could rely on the benevolence of power: Ursula von der Leyen, Minister of Labour, close to Angela Merkel, had incurred the wrath of employers claiming earlier this year substantial increases in salary . At stake, the advantage for the government to support domestic demand. Chancellor, his eyes fixed on his re-election next year, wants to position itself as the candidate of purchasing power, in a campaign that will address the general issue of minimum wage business cards. This agreement sets the tone in a Germany whose optimism is reflected now on pay slips. Even the liberal FDP, punctilious in the use of public funds, welcomed the outcome of negotiations (amounted to 5 billion euros) for civil servants, it is "fair" they also benefit from growth.
In general euphoria, a blast of cold air came down in Copenhagen. The Danish capital where he was attending the meeting of the Eurogroup, Jens Weidmann, the Bundesbank president, fears that "this increase, combined with the expected rise in energy prices, fueling inflation." He hopes that "this result is not used as a benchmark for other industries." Since 2012 is described here for years "Megatarif". The pay slip 4 million German employees will be the challenge of negotiations in the sectors of metallurgy, power industry, chemical and telecoms. The 33,000 ground employees of the airline Lufthansa have already obtained an increase of 3.5% and 130,000 Deutsche Post up 4%.
And like a vicious cycle, inflation eats the magnitude of the claims. Officially increased by an average of 2.3% last year, German workers have received only an increase of 1.1%, after deducting price increases. One more argument in the quiver of the unions.
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While political leaders promises to multiply the SME, 300 business leaders gathered in Evian (Haute Savoie) for three days, from March 22 to 24, during the fourth Spring Campus organized by the association CroissancePlus. They reflected a very real way on how best to grow very small businesses and SMEs to become medium-sized companies (ETI) employing between 250 and 5000 employees. "Growth is the foundation of everything. We must grow faster than its competitors to beat them, "testified Xavier Fontanet, former chairman of the board of Essilor, the world leader in the ophthalmic lens.
"In Germany, large ETI achieving over 500 million euros in turnover increase. They took advantage of a phenomenon of concentration. Seven out of ten bought a small business or a merger between 1996 and 2006, "noted Jacky Lintignat, CEO of KPMG. The French group Altrad, European leader of the scaffold (494 million euros of turnover), was embraced by making 45 acquisitions since 1985 in France and abroad. "Our goal is to double our turnover in the next four years," said Mohed Altrad, president of the eponymous group which opened its capital to three banks CM-CIC Capital Finance, Arkea Private Equity, a subsidiary of Credit mutual Arkea, BNP Paribas and Development and the Strategic Investment Fund.
But entrepreneurs are divided on the interest of bringing investors to accelerate their growth. The start-up Showroomprivé, which sells brands on the Internet, hosted the U.S. fund Accel Partners to expand internationally. "We must not fall into the hands of investment funds and the stock market go," he assured his side Maxime Holder, CEO Paul bakeries, one of three businesses Holder family group. A difficult experience with a fund in Britain, explains this desire for independence. "There is not DNA but the DNA for a company to succeed," commented Olivier Duha, president of CroissancePlus. To allow contractors control their business while allowing them to find money to grow, Jean-Louis Beffa, honorary president of Compagnie Saint-Gobain, has proposed that SMEs can benefit from "equity without right to vote. " The often difficult relationship between large companies and SMEs were also discussed. "Many SMEs do not dare connect to Danone. We must learn to work together, "regretted Franck Riboud, Danone CEO. There is a way to go. SMEs are often reluctant to approach some large groups because they do not always respect the law, including the supervision of payment periods.
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Corsairfly becomes … Corsair International. "A change but not revolution," agrees Pascal de Izaguirre, CEO of the airline of TUI. The leaders of the giant European Tourism chose a facelift to revive the company acquired by Nouvelles Frontieres in 1990 when Jacques Maillot was at the controls. At the time it was called Corse Air International
.
Everything has changed since: the German TUI shareholder meeting in France Marmara Tourinter, New Frontiers and renamed the airline Corsairfly stripped a quarter of its workforce … He has invested hundreds of millions of euros to transform the old a charter company whose regular cabs devices have been fully refurbished mid-2013 with a budget of 36 million euros.
Financially, the subsidiary of TUI could not afford a complete change of name: "Rather than spend a fortune to switch brands, it is better to devote resources to what the customer appreciates the ground or on board" , says Pascal de Izaguirre CEO of Corsair International.
Erase the image and low-cost charter
A budget of 2.5 million euros will be spent on change of visual identity (logo creation, uniforms, aircraft painting). The first plane scratched white and blue logo of the retro graphics will be delivered in July. The other six, including two new A 330 will follow until mid-April 2013.
But another reason is given by the CEO of Corsairfly to explain the lack of boldness in the choice of name: "The Corsair brand is extremely well known. Hostesses and stewards are known to be friendly and smiling. "The old company Nouvelles Frontieres is certainly an image associated with cheap, but also a Spartan comfort.
"Corsair will celebrate its 31 anniversary this year, little known company such longevity, defends Pascal de Izaguirre. Many have disappeared, new arrivals are. We remove the "fly" but also the name of "smiley" logo TUI, not to hide our group membership, but to erase anything that might suggest the charter or low cost. "…. ….
The team of TUI wants to play the card of elegance, high quality services, while remaining competitive on price. The number of seats "open sea" (comparable to a business class) increases from 24 to 36 in the Boeing 747 and 18 to 26 in the A 330. "We have invested heavily in-flight services, airport lounges to Orly, Pointe-à-Pitre and Fort de France, and soon the meeting …"
New destinations
The relaunch of the company scheduled two years ago falls to one of the worst periods through which the world of air: the rates are low while the cost of jet fuel has stabilized at a very high level that weakens companies.
"This does not undermine our vision and direction, says the CEO of TUI France. We are currently addressing the structural problems of the company and it is not challenged by economic factors. TUI, our shareholder, has powerful resources. He made a choice that takes the long term. "
Corsair International will also review its destinations in September, the company will cease to serve Miami. Instead it will open a line to Punta Cana in the Dominican Republic, a destination that has grown 15% since the beginning of the year.
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This is the season ranking of "best companies"! Wednesday the companies in which to work were rewarded by the Great Place To Work Institute, PepsiCo and Octo Technology plebiscite. Thursday night, the third edition of "Randstad Awards", organized by the working group and temporary recruitment of the same name, has honored the attractiveness of employers to the general public.
The surprise of the Top 20 "images employer" is not so much the identity of the winner, Eurocopter (EADS subsidiary), already No. 1 last year, the criteria that determined the choice of 12,000 respondents and 224 companies that tie in the race.
Compensation in effect makes a comeback in the criteria put forward by the French. She even takes the top spot with 71% response rate, the highest level since the beginning of the study in France, when she held the third position for two. Sign that the issue of purchasing power is becoming more and more in the public and among employees, it is women who put most clearly in the lead compensation criteria of attractiveness.
Aeronautics and media are reversible
The working environment (63%) and job security (54%) are respectively second and third place in respondents' answers, while questions about why companies are investing heavily in time, money and action, seem much more secondary to the general public, be it social responsibility (11%), the diversity policy (10%) or training (16%). As for the interest of jobs or good-life balance working life, are arguments also down this year in the concerns of public opinion payday loans.
Among the sectors that are most dreaming and the French in which they would one day work, aviation retains its pole position with 46% in favor, before the media (40%) and consumer goods industries (36% ). Probably related to the news she had experienced particularly negative in 2011 with the affairs of the Mediator or PIP prostheses, the pharmaceutical industry is one of four diving places and suffers from an image somewhat degraded.
If the helicopter manufacturer Eurocopter continues to lead the ranking of top 20 "Randstad Awards" behind several changes occur. Airbus assumes the second step of the podium, with a gain of four seats, followed by EDF winning eight seats. They succeed Canal + (ranked 8th in the ranking this year) and Thales (16th, down from thirteen seats).
Some companies make good growth, a sign of their appeal to the French, like the SNCF (7th, up 6 places), STMicroelectronics, which jumped 32 places in 18th position, or Safran ranked for the first time this year (19th).
But others simply disappeared from radar Randstad, like Club Med, Sanofi-or Air France-KLM (the company had received an award in 2009). "Even in times of crisis, you have to seduce, to attract and retain the best, in this continuity," Analysis Beharel Francis, president of Randstad in France. In other words, do not ease off on the analysis of its attraction: this must be the watchword for companies, even when unemployment soaring and that candidates are not lacking.
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