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Sanofi cuts fewer French jobs than
planned after government pressure

Reuters, by Elena Berton

Original Article

Posted By:JumboHC, 9/25/2012 1:23:52 PM

French drugmaker Sanofi SA scaled back planned layoffs under pressure from the French government, which has been struggling to contain a burgeoning unemployment rate. Sanofi, France's No. 2 company by market value after Total, said it could shed around 900 jobs in France in the next three years, fewer than the 2,500 predicted in July by trade unions, as part of the company's planned reshuffle of its research operations. The French government, which had strongly criticized Sanofi's cutback plans amid rising unemployment (snip), said it had made Sanofi Chief Executive Christopher Viehbacher listen to reason.

Comments:
Wow. How about the quote from the Industry Minister: "A company that's earning money cannot behave like a company in trouble?" That's right. Wait until it is too late, then the government can take over and fix it. Is this America's future?

      


Post Reply  

Reply 1 - Posted by: mickturn, 9/25/2012 3:33:12 PM     (No. 8889445)

Gotta keep those anti-depression drugs coming...

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Reply 2 - Posted by: Japanorama, 9/25/2012 3:41:12 PM     (No. 8889466)

Cut the work week to 2 hours. Then you would have to hire many more people.

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Reply 3 - Posted by: Deedo, 9/25/2012 4:03:16 PM     (No. 8889517)

The French government won't relent until Sanofi SA is out of business.

I recall hearing a liberal complain about a company "having profits". Good progressives know that profits are proof of evil intent, don'tcha know.

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Sanofi cuts fewer French jobs than
planned after government pressure
Reuters, by Elena Berton    Original Article
Posted By: JumboHC- 9/25/2012 1:23:52 PM     Post Reply
French drugmaker Sanofi SA scaled back planned layoffs under pressure from the French government, which has been struggling to contain a burgeoning unemployment rate. Sanofi, France's No. 2 company by market value after Total, said it could shed around 900 jobs in France in the next three years, fewer than the 2,500 predicted in July by trade unions, as part of the company's planned reshuffle of its research operations. The French government, which had strongly criticized Sanofi's cutback plans amid rising unemployment (snip), said it had made Sanofi Chief Executive Christopher Viehbacher listen to reason.



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