SNCF: strike notice Tuesday, March 23

8th March

On Tuesday, March 23 will be placed under the sign of the claims to the station, while at least three unions (CGT, UNSA, CFDT) has initiated a notice of strike and trigger a series of social alarms, to ensure "continuity" the strike on February 3, according to Didier Le Reste, the CGT.

On 15 February, five confederations – CGT, CFDT, FSU, Solidaires, Unsa – announced they were organizing a day of strikes and demonstrations inter employment, purchasing power, public services and pensions.

At the strike of February 3, about one-third of the railway had stopped work to support employment.

A report that is poisoning the debate

All unions in the public company denounced the ongoing reorganizations involving reclassifications and job losses (including freight), a deterioration of working conditions and managerial methods based, according to them, solely on financial criteria.

There are about a month, a report of the Court of Auditors noted that for the SNCF, the reform of 35 hours penalized the company public to address the opening of its monopoly to competition and revealed particular gaps productivity with its competitors low fee payday advance .

According to the report published today, law enforcement has led to increased numbers of staff from 7000 to 7500.However, "the additional staff that the reform had resulted represents almost half the number of posts abolished during the seven subsequent years, totaling approximately 15,600 officers between 2002 and 2008.

Southern Rail reserved

Workers Power has decided to turn to hold its own demonstration in Paris, while leaving open its regional organizations to participate in joint rallies in the provinces, while the CFE-CGC was not involved in the day.

Sud-Rail, Third Force Association at the station who is campaigning for a renewable greece, reserved its response but said "part of the inter-day."To delegate Alain Cambi, "after a day of strike action is needed now."

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For recruiters, colleges still lack diversity

10th February

What are the criteria of recruiters when they hire graduates of business schools? For three years, Ifop conducting the investigation (1) to store test common gateway, which allows to integrate 16 business schools (2) without going through the box preparation.

The 2009 study confirms the trends of previous years. First, companies are extremely interested in training followed, before joining the high school: 70% say they do. These are the BTS prevail handily. Recruiters landslide this training to 27% before the preparatory classes (22%) and masters (11%). An element to be directly related to the fact that employers prefer, in their review of CV, internships and work experience (95%).

The study also shows that companies want diversity.79% of them say they have developed a specific recruitment policy for at least one class of graduates from diversity. Thus, 68% of recruiters do for people with disabilities, a population for which firms are subject to legal obligations, coupled with financial penalties. This is not the case for lower social classes and ethnic minority populations where respectively 31 and 26% of recruiters have developed a specific one hour payday loan .

Ultimately, 43% of recruiters believe that the profiles of the major schools are not sufficiently diversified. It is clear that the companies held, inter alia, employ 6% of people with disabilities are very rare to get to that proportion. The staffing shortage. It is for colleges to act early.With observation, Grenoble School of Management has just put up a post tray support for people with disabilities. His sisters of the bank tests Gateway should follow suit.

(1) Survey Center Gateway / Ifop conducted in October 2009 with 802 pupils and students, and HR 202, HR managers and recruitment companies working in more than 50 employees.

(2) Advancia Paris, Normandy EM, EM Strasbourg, ESC Amiens Picardie, ESC Bretagne Brest ESC Chambéry Savoie, ESC Clermont, ESC Dijon, ESC Grenoble, ESC La Rochelle, Montpellier ESC, ESC Pau, ESC Rennes, ESC Saint-Etienne , ESC Troyes Negocia Paris.

Toyota is raising its earnings forecast

4th February

The Japanese auto giant Toyota, which passes through an unprecedented crisis due to the increasing security challenges in several of its models (the Prius brakes, booster car in the world) announced Thursday returning to profit in third quarter 2009-2010. The manufacturer nippon even raised its financial forecasts, while the annual cost of reminders should cost him between 1.3 and 1.4 billion euros.

For the three months from October to December, the world's largest automaker has made a net profit of 153.2 billion yen (1.16 billion euros), against a net loss of 164.7 billion a year earlier .Operating income from Toyota is also back in the green, with a profit of 189.1 billion (1.43 billion) instead of a loss of 360.6 billion for the same period of 2008-2009 for a turnover up 10.2% yoy.

The company said it now expected to conclude its 2009-2010 fiscal year with a net profit of 80 billion yen (610 million euros), whereas previously it expects a net loss of 200 billion payday advance . The operating loss year should reach 20 billion instead of 350 billion expected previously.

We have revised our forecast for 2009-2010 due to factors such as rising sales and cost reductions in all directions, "said in a statement the Executive Director Takahiko Ijichi Toyota."And our emergency plan to increase our profits grew faster than expected," he added.

Toyota said Thursday that the recall of several million vehicles worldwide due to problems of accelerator was going to cost between 170 billion and 180 billion yen (between 1.3 and 1.4 billion euros). The cost of the recall itself should reach about 100 billion yen, and the costs of declining sales that followed between 70 billion and 80 billion, said during a press conference the Chief Executive Toyota Takahiko Ijichi.

At the Tokyo Stock Exchange, Toyota shares ended Thursday on a further drop of 3.52% to 3280 yen. Since January 21, the group's market value has shrunk by almost 22%.

The measures in China penalize the Paris Bourse

12th January

After closure of Wall Street without trend Monday, European stock markets are heading into the red Tuesday. In Paris the CAC 40 yielded 1.06% at 4000.05 points, in London, the FTSE-100 lost 0.71% to 5498.71 points and in Frankfurt the Dax concedes 1.61% to 5943 points.

The Central Bank of China has announced two measures to try to curb the overheating of the economy: raising the reserve requirement ratio for banks and rising interest rates on treasury bills to one year.

On Tuesday, the Bank of France issued at 8:30 its monthly business survey for the month of December: the gross domestic product (GDP) of France is expected to grow 0.5% in the fourth quarter of 2009.For the full year 2009, the government expects a drop in GDP of 2.25%.

Fifteen minutes later, the Budget Ministry said the budget deficit of the French state has widened to a record 143.3 billion euros on 30 November, against 66.6 billion a year earlier, and is expected throughout 2009 slightly below 140 billion.

Yesterday after the close of U.S. markets, the g aught aluminum Alcoa has announced a return to the red in the fourth quarter with a net loss of $ 277 million, widening its losses to $ 1.151 billion in 2009.In the series of American publications yesterday, Electronic Arts announced that it raised its forecast for losses in 2009-2010.

In an interview with Le Figaro, Christine Lagarde, economy minister, justified the measure "exceptional" tax on the bonus, resulting in a bill for the banks of around 360 million euros.

Across the Atlantic trade for November will be highlighted at 14h30.

As for currencies, the euro begun to rise again against the dollar Tuesday after the rebound of the single European currency yesterday. The euro gained 0.09% to 1.4526 dollar. The oil in turn is sharply down.The barrel of Brent North Sea crude for February delivery lost 1.70% to 70.67 dollars per barrel "Texas Light Crude (WTI) traded on the New York Mercantile Exchange for the same maturity, nibbles 1 53% at 81.61 dollars.

Penalized by EADS subsidiary Airbus

The deputy CEO of Airbus (EADS subsidiary, -2.62% to 14.10 euros), Fabrice Bréguier said that "the goal is to double Airbus A380 deliveries in 2010 in Echos in an interview published Tuesday. The direction of this group today in Seville's balance of trade in 2009 and its 2010 outlook. Louis Welsh, CEO of EADS said that the difficulties will persist into 2010. The European aircraft manufacturer announced on Tuesday a record number of deliveries for 2009, with 498 aircraft, against 481 for its rival Boeing. He has delivered 15 aircraft more than in 2008. However, the difficulties of the Airbus A400M and undermine the results of EADS.This ad revenues down 4% in 2009 to 41.7 billion euros against 43.3 billion euros in 2008.

Alstom close among the largest declines the CAC 40 (-3.02%). S ociety General went to "sell" cons "hold" on the manufacturer of infrastructure for the energy and transport, with a target price unchanged at 47 euros.

Air France-KLM (-2.39% to 12.06 euros) is monitoring the stock market while the CEC must explain to Dominique Bussereau, Secretary of State for Transport on the hole of 20 million euros in its accounts.

Side Renault (-2.17% to 38.36 euros), the State has assured shareholders it does not stand "idly" on a possible relocation of the production of future Clio in Turkey manufacturer Renault.

Total (-1.32% to 45.65 euros) is ready to close its refinery in Flanders, according to information from Figaro.

Accor is sanctioned (-2.21% to 36.76 euros). The group was assured that despite the announced devaluation of 50% of the Venezuelan bolivar, the performance targets were maintained between 400 and 450 million euros for 2009.

Ubisoft has one of the largest declines: -5.35% to 10.27 euros.The group is affected by the downward revision of annual estimates of its competitor Electronics Arts and negative comments from analyst firms.

The defensive form

In this gloomy meeting, the CAC 40 is only supported by defensive stocks: Pernod Ricard (+1.33% at 59.28 euros, boosted by a favorable recommendation from Credit Suisse), Danone (+0.61% at 42 84 euros) and France Telecom (+0.32% to 17.35 euros), only CAC 40 values which enclose up this Tuesday.

CAC Hors, Ipsen has one of the largest increases of the SBF 120 (1.22%). The latter is driven by an increase in Chevreux recommendation of 48 euros to 53.50 euros.

CAC Hors, Wendel appears in decline (-4.10% to 43.58 euros after a sharp rise in mid-session (+2.07%)).The group said today supporting the launch of the IPO of helikos, a company whose sole purpose is to invest in Germany in an unlisted company.

In the news Tuesday, the station will create a joint venture with U.S. giant IBM computer, which will cover the services of the French railway company, said Tuesday's Tribune, which amounted to 1.7 billion 'euro amount of the contract.

CAFOM announced having doubled its net profit in the first half.

On Tuesday, the turnover of Toupargel Jacquet Metals and Xiring will follow.

Greece, test for the euro

10th December

The woes of Greece to the euro is the first real test of its young history. In ten years, the European single currency has successfully resisted the shock of a rare violence: attacks of September 11, 2001, collapse of the tech bubble, the subprime crisis … Nothing says that the franc, the lira or the peso would through free events such as the euro has done. But whenever these shocks, left the United States, came from outside. But now the danger lies within the zone itself. And gives rise to a nagging question: Greece will she forced eventually to leave the euro? A priori not. For a small country, belong to a large currency area is a rare opportunity. Until the stress becomes so high that it is cheaper to get out.

Athens faces a double challenge. First restore its credibility.Since its integration into the eurozone in 2001, the country has ceased to be faulted on the reality of its economic statistics. Showing at 6% in early years, deficits would in fact 12.7% of GDP, according to the latest tally of the national statistical office. A deception that shows Greece as a kind of "stowaway" in the euro area. And that makes it particularly difficult direct assistance from a European state. Public opinion of the most virtuous Germany, Netherlands or those worried about their own fate as France or Italy will struggle to agree to fund a country that gives the impression of not playing the game .

The second challenge for the Greek government is to prove its willingness to restore as soon as its public accounts.In theory, a State has two instruments to reduce its deficits: monetary policy and fiscal policy. Coin money helps finance its budget while offering the opportunity to play the currency markets by devaluing its currency to boost competitiveness. A move that boosts the growth and cause some inflation. The ideal instrument to reduce debt … by which Greece can not count because, like all countries in the euro area, monetary policy is the prerogative of the ECB in Frankfurt.

Leaves only the weapon strict budget. In this case, the organization of drastic cuts in state spending. The government of George Papandreou as he means? CRAs in doubt, especially as the social climate is strongly degraded in the country, making it particularly difficult acceptability of drastic measures.Failing to do so by itself, the Greek government will have only one solution: to put in practice under the tutelage of Brussels. In a carrot and stick, the European Commission could generate outside pressure strong enough to induce Greece to reform in depth, as the IMF has so often done in the past with countries in crisis. At the price, most of the time of painful adjustments. The question will then arise of how far the Greek people will accept sacrifices to stay in the euro area? The cost to benefit is not so obvious.

Today, the Greek state will refinance at a rate of 5.77% in ten years. A level closer to that of Hungary or Latvia as Germany. In other words, the protection offered by the euro area is almost over.Out of this system could, ultimately prove less expensive what remain, rising long rates may be offset by a devaluation immediately making the country more competitive. While giving the Greeks a sense of finding their democratic sovereignty to which they are so attached since the birth of their civilization.

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Great Britain: a super tax for bankers

7th December

After months of debate, the British government seems determined to legislate on the issue of bonus. According to the Financial Times, the British government would consider introducing in its 2010/2011 budget, a "super-tax" which would tax specifically bankers' bonuses. Alistair Darling, Chancellor of the Exchequer, is expected Wednesday to unveil the outline.

In detail, the Financial Times said the tax would be collected over a certain level of bonus, for a limited period. All banks, foreign as British, there would be submitted. Alistair Darling has already said in an interview with the philosophy of planned "at a time as difficult as this one, I think people understand that it is expected that the broadest shoulders bear the weight heavier, "he said.

If this new tax should raise the ire of the City, no doubt he should be more popular among the general public, where the rating of banks is the lowest. The latest bonuses earned by traders for major banks face because the British public, even though these institutions had been massive aid of the hundreds of billions of pounds to prevent collapse of financial system.

Public Accounts bloodless

The government hopes the measure to address tensions of its population, faces rising unemployment and an unprecedented rise in the deficit, which should approach or exceed this year's 12.4% of GDP.

The British traders would thus free of the controversy that accompanied the rescue of banks.The banks are expected to share their escape all taxation, although the government had proposed to levy a tax on profits of banks. However, despite the fact that this option would yield, according to the Times, two billion pounds with a 10% tax, the idea was abandoned, the Financial Times.

Still, this measure alone would not have a heavy impact on public finances for less bloodless. Gordon Brown was to deliver a speech today on the need to reduce public spending, including Prime Minister spot reduce by four the deficit. This necessarily will involve other tradeoffs.

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The City is unleashed against Nicolas Sarkozy

Michel Barnier attempts to allay fears in the City

Climate, Energy: the alarm IEA

18th November

It is a paradox: when the estimated 6.6 billion Earthlings are more than ever energy hungry, we learn that investment in exploration and production of gas and oil prices have fallen 19% in 2009 . This is one of the most surprising information emerging from the voluminous (691 pages) Annual Report of the International Atomic Energy Agency (IEA), presented on Tuesday in London.

The crisis is the direct cause of this reversal. With a corollary for the first time in forty years, global emissions of greenhouse gas emissions have decreased by about 3%."The fall in investment is bad news, says Fatih Birol, chief economist of the IEA, because when demand for oil will restart with the economic recovery, without production there could be a very sharp rise in oil prices, which in turn weaken the recovery. "

Despite this somewhat reassuring about the IEA is accused of overestimating oil reserves and minimize the risk of a shortage. So says an article published appropriately on Tuesday by the Guardian. Citing sources within the IEA, the English daily spoke of American pressures. Accusations "baseless", countered Tuesday Fatih Birol, claiming neutrality IEA reports proofread by more than 200 outside experts. "We are always criticized, but we usually blame myself instead of being too alarmist," says economist Turkish agency.Indeed, Fatih Birol ensures that non-OPEC members have reached their peak of production of black gold, not to a distant horizon, but from 2010!

By 2030, 93% of the additional energy demand will come from non-OECD countries (emerging markets and developing countries), starting with China and India. To meet these ogres, even if the international community embarked on an active policy of replacing fossil fuels (coal, oil, gas) to fight against climate change, OPEC will increase production by 30% over the past twenty years. According to the IEA, global oil demand would peak around 2025. One thing is certain, Birol summarizes: "The era of cheap oil is over."

"Scenario 450"

Investors, in turn, subject to considerable uncertainty, says he."Everyone expects that this will give the Copenhagen conference on climate," which opens in less than a month. The IEA, founded in 1974 just after the first oil shock to secure supplies of black gold, has now donned the armor of the fighting against climate change. The ministers of the 28 Member States, meeting in Paris last month, support the scenario 450. 450 "parts per million (ppm) is the concentration of greenhouse gas emissions that the atmosphere should not exceed in the second half of the century to avoid an increase in average temperature over 2 ° C. In addition, the UN experts foresee a scenario control. Follow this quota means stop increasing emissions of greenhouse gas emissions by 2020."We show, by country, by developing all the available clean energy and focus on saving energy than the 450 is a realistic scenario, provides Nobuo Tanaka, executive director of the IEA, although it will be very difficult. "

The investment, enormous, estimated by the agency to make the energy revolution is 10 500 billion dollars by 2030. But Nobuo Tanaka warned, each year of inaction will cost 500 billion more.

The Agency will depart Does Paris?

London is the annual report of the International Atomic Energy Agency (IEA) was presented Tuesday by its director, Nobuo Tanaka, as the organization is based in Paris (XV). Sign of the dispute over the location of the agency? No, the World Energy Outlook is traditionally introduced in the British capital.However, removal of the IEA (200 employees) has been raised in recent months by supporters of greater autonomy from the OECD, its parent organization, and rapprochement with countries outside OECD as China. "I love Paris," said Nobuo Tanaka on Tuesday at Le Figaro. Of reassuring the former minister Roger Karoutchi, French Ambassador to the OECD, which works to calm …

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