According to the survey (1) conducted by the consulting firm in human resources, business plan for most occupational categories increased by 3% (median) budget increase (collective and individual), against 2.5 % in 2011. The exceptions are the workers (+2.8%) and senior (2.9%). But in any case, it would exceed the average inflation of 1.7% in 2012 by the government.

End of the wage freeze

Two major trends. On the one hand an almost complete disappearance of the wage freeze, a measure widely implemented at the height of the crisis.However, 4% of companies plan to freeze the workers and managers.

In addition, the company forecasts reflected the "sacrosanct" rate increase of 3%, which was applied during the years before the crisis erupted instant payday loan.

In addition, both groups seem to be emerging. First, the majority, has given the 3% salary increase. A second, more prudent, considering between 2.1% and 2.5%.

The survey was conducted between March and mid-July, ie before the great economic and financial events of the summer (crisis in the euro area, downward revision in growth for 2011 and 2012, falling stock markets …), Mercer, again, questioned 142 of the 329 companies in its original sample.

"Eight out of ten believe that these events will bring them to scale back their budgets for salary review.This reduction could be 0.5 point fall. In contrast, companies planning to date, a wage freeze, are still a small minority, said Bruno Rocquemont. In this context, we have to closely follow the mandatory annual negotiations (NAO), which launched just been given in some societies and that will continue into March. "

(1) survey of 329 companies, mostly French subsidiaries of multinational corporations.

Of the places in China, Hong Kong the Hang Seng 1.45% yield while the composite index of Shanghai Stock Exchange rose 0.68% to 1134.65 points. In Seoul, the Kospi index is left in the green, up 0.71% to 1819.14 points after plunging by 4% in early trade. The Stock Exchange of Sydney, in turn, close to equilibrium after a session spent in the red.

Investors remain concerned, however, fearing another recession in the United States and a spillover of the crisis of debt in the eurozone one hour payday loan.The gold and reached new records, crossing first the maximum 1800 dollars. It was worth 1814.50 dollars in the morning before going down to 1785 dollars. Another safe haven, the yen appreciates, and is worth 76.63 dollars, against 76.83 the previous day.

Oil also set off again down in Asia. Yet he had resisted the panic the day before with the announcement of a dramatic and unexpected decline in crude inventories in the United States. In morning trading, a barrel of "light sweet crude" lost 79 cents to 82.10 dollars and that of Brent North Sea fell by 1.10 dollars to 105.58 dollars.

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"When I joined the company, I found that our plants were in a situation of overcapacity. The workers were laid off at 20%. Rather than close the plant, whose vacancy was expensive, we decided to give work to our employees, "said Vincent Gruau.

Social progress

The company at that time in full recovery, putting on sustainable development.From this point of view, the relocation of production is clearly relevant: it is a CO2 saving, and social progress for the company employees who see their jobs secure. It remained to assess the economic impact of such change.

Given the nature of the products Majencia including metal storage boxes – the raw material and transportation were already 80% of their cost. "Our products are heavy and bulky, their price per kg is low. These are typically products that support a hard rising costs of transportation, "said Vincent Gruau.

When energy prices begin to rise, the cost differential production with France rises to 10%. To fill the latter gap is that the direction of the working groups with the workers at its plant in Noyon, in Oise online payday loans.Objective: To identify the stages of manufacture, areas for improvement in productivity, which will relocate in September 2006 in constant costs.

More flexibility

If the primary objective of management was at full capacity to hold one of its French factories, the relocation has had other benefits, this time trading. Besides selling point is that the anchor 100% French, Majencia gained flexibility. No more delays transport 6 to 8 weeks which require to store the items. The manufacturer of office can now provide on demand.

"Our customers are increasingly attentive to the quality of work spaces. They expect from us a custom production that we could not provide China, because we did not master the entire process of production, "says the CEO.While only boxes light gray and dark gray out of their Chinese factories, Majencia now produces small batches to order. "If a customer asks us boxes purple polka dot young, we can provide!".

Since the relocation, 31 positions were created after the finances of the company recovered, from 2009. While production of 30,000 boxes were repatriated in 2006, the additional volume has now more than doubled. With a net increase of 174% in 2010, the company is now profitable, is considering moving to 90,000 in the coming years.

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Officially the project is not stopped.Communication amazing Indians necessarily leads to questions. The target market for these vehicles at very low cost, that is to say less than 3000 dollars, however, is huge. The goal is to put millions of Indians who use two-and three-wheeled rickshaws that the famous Bajaj is one of the leaders in the car.

Difficulties for the Nano

But the economic model is not easy to find, as shown by the difficulties encountered by the Tata Nano, the pioneer of its kind launched in 2008. Tata has indeed had to increase the price of the Nano several times since its launch. Today it is sold at a price of about $ 4,000 against $ 2,500 at the presentation of the project. In addition, the model has undergone a number of technical problems, which has dented its image among consumers. Result: sales prove disappointing.At June 30, less than 22,000 had been passed Nano on the previous twelve months. Far from the target of 250,000 vehicles in stride.

To compete with the Nano is that Renault and Nissan sign an agreement with Bajaj in 2007. Bajaj should design the vehicle, which will be sold by Renault and Nissan. The first date given for such marketing is in 2010. It then slides to 2011 and 2012. Yet this is a purely theoretical date, since the decision to launch this vehicle has never been officially made. And nothing says it will be taken, especially after the delay yesterday. It would not be the first disappointment for Renault in India. In April 2010, the group had in fact ended a joint venture with Mahindra & Mahindra, which produced, with little success, Logan. These difficulties do not however call into question the ambitions of Renault in India.The Diamond brand has even made one of its three priority countries in development. It has a factory in Chennai, which already manufactures the Nissan Micra. And introduced an aggressive new product launches. For a month, the Fluence sedan is marketed. The Koleos 4 × 4 will follow in September. And announcements are expected for the new salon in New Delhi, to be held next January.

According to the draft filed Friday with the U.S. authorities of the Exchange, the company plans to raise $ 1 billion. It already has shareholders including Mark Pincus, CEO and founder (16%), Kleiner Perkins funds (11%) and Institutional Venture Partners (6.1%), Russian DST also present in Facebook and Groupon (5.8 %) or Reid Hoffman, co-founder of LinkedIn. Only part of the capital would be put on the market. The document does not specify the timing or the valuation of the company.Its shares traded, however, already on the gray market at a valuation of $ 20 billion. Other estimates place it at $ 15 billion.

A destiny linked to Facebook

Therefore, these amounts bet on the growth of highly profitable business model. Zynga pulls up the majority of its revenue from the sale of virtual goods, while just over 5% comes from advertising. In 2010 it sold its games for $ 839 million of tractors and apple virtual pixels. The turnover of the editor, who must pay back a 30% commission to Facebook for hosting games and payment management through its Facebook Credits, reached $ 598 million.Its net income totaled $ 90.6 million for the year.

The rise of social networking takes Zynga and sales: in the first quarter of 2011, it jumped 133% to account for 235.5 million dollars in revenue. Some analysts place and the turnover of the company in 2011 to nearly $ 1.5 billion.

But this success Zynga is intrinsically linked to that of Facebook. "If we fail to maintain a good relationship with Facebook, our business will suffer," admits the company. A change of terms and conditions of alienation or social network users to the site and will impact directly the activity of Zynga. Another challenge for start-up: it must successfully implement its business model to success in the mobile, from which a growing number of users connecting to Facebook.Finally, the majority of revenue is generated by Zynga a few games. To sustain and develop its income, the publisher could therefore benefit from its IPO to buy competitors. The company already has $ 995 million in cash.

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Strongly contested by the opposition and discussed in the majority, sending checks every year to the wealthiest taxpayers had come to interfere with government. In 2010, a total of 678 million euros that the state has returned to the beneficiaries of this measure, a figure slightly higher than in 2009 (EUR 586 million). Especially, like last year, is only a small fraction of some 592,000 taxpayers subject to the ISF who earned the largest amounts recovered.If the amount of average check totaled 40,908 euros, the richest 7% received 60% of the amount paid, or 381,000 euros on average.

To the dismay of Socialist deputies, the government's plan, however, does not remove the tax shield that from 2012 on taxes paid on income in 2011. According to the deputy PS Jerome Cahuzac, the measure should thus continue to cost the public finances 550 million Euros in 2012 and 200 million in 2013.

Relief ISF

The elimination of this symbolic mandate Nicolas Sarkozy also fits into the context of a broader reform of the taxation of wealth, the members approved each measure in recent days. To parliamentarians, the Minister of Budget, Baroin, endeavored to describe the philosophy of combining text as "social justice" (the end of the tax shield) and "tax justice" (relief ISF)."The government is a simple reform, fair and balanced" has said repeatedly this week Baroin.

On Friday, the parliamentarians approved a reform of the solidarity tax on wealth (ISF), which raises € 800,000 to 1.3 million euros threshold of assets at which a taxpayer is taxable to the ISF. Approximately 300,000 people should therefore be exempt from this tax next year. The current rate also eased: below three million, the tax rate increased from 0.55% to 0.25% when it is lowered to 0.5% instead of 1.8 % above. Overall, 250,000 taxpayers should therefore pay less. This reform will result in a revenue decline of 1.8 billion euros.

A shortfall that is projected by the government, be offset by the elimination of the tax shield, the higher taxes on gifts and estates, and the new tax on second homes of strangers, sitting on their rental value. In total, the projected deficit for 2011 however, increases of 596 million euros, 460 million due to payments associated with the Taiwan frigates affair. Remain a little over 130 million bridge to return to the original projected deficit. Baroin promised by the end of the year new savings measures to achieve this.

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Yesterday, U.S. markets have taken a double slap with first a series of bad macroeconomic indicators that raise doubts about the health of the world's largest economy. Then with Moody's decision to degrade three notches note of the Greek debt. The rating agency has cooled the financial markets had begun to hope that a solution be found to stabilize the financial situation of the country.

On Thursday, investors will try to turn the page of this session was the worst recorded since August 2010.But the excitement is palpable, while another set of indicators is important in the program. There will, before the start of trade, weekly jobless claims and productivity quarterly. Then, later, industrial controls and weekly oil inventories.

On the currency side, the single currency continues to rise against the greenback. Before the opening of U.S. markets, one euro was worth 1.4464 dollars. For their part, the oil prices were slightly higher in European trading. A barrel of Brent North Sea crude for July delivery traded at 114.90 dollars on the InterContinental Exchange (ICE) in London, up 37 cents from the close on Wednesday.In electronic trade the New York Mercantile Exchange (NYMEX) the barrel of light sweet crude (WTI) delivered to the same maturity gained 26 cents to 100.55 dollars.

Google and China: Paper

Internet giant Google will be monitored after the announcement of a hijacking Gmail accounts by hundreds of Chinese dissidents and American officials. While Google suggests a Haker Chinese, Beijing denounced the remarks "unacceptable."

The distributor Costco Wholesale Corporation reported net income of $ 324 million in the third quarter of 2010-2011 (73 cents per share), up 6% over the same period last year. Based on the number of share, earnings were 73 cents. Turnover was up 16% to $ 20.2 billion, with a jump of 12% on a comparable basis.

Limited Brands has announced a 6% increase in May same-store constant at 717 million dollars. But this figure is below expectations of analysts who had forecast an increase of 7%.

The mining equipment manufacturer Joy Global has reported a profit of 34% to 162 million in the second fiscal quarter, or $ 1.52 per share. Income climbed 19% to 1.06 billion. It's better than $ 1.35 per share and $ 1 billion expected by markets. The group also revises upward its forecasts. It now expects earnings per share between $ 5.60 and 5.30 against 5.10 to 5.40 before.

Lawyers are rubbing their hands across the Atlantic. The market for divorces finally woke up after two years of torpor. "They started to leave at the end of 2010, when their numbers had fallen by 24% in 2008 and 57% in 2009, has awarded Linda Lea Viken AFP, the president of the American Academy of Matrimonial Lawyers. It's not just the legal profession to be welcomed in a country that counts normally breaks matrimonial 4.95 per 1000 inhabitants each year. World record is almost two and a half times more than in France. The upswing of the "separations" better expresses the country's economic health.If the Americans dare to part again is that they feel strong enough to face a financially costly operation.

Cheers flexibility, spring's traditional America, its prosperity and its mores, whether contracts of employment or marriage. United States, the standard is ten times change employer in his life, likes to recall former President Bill Clinton. This is much less in Europe.A study of the ad hoc International Labour Office, the German spends an average of 10.7 years in the same company and the French 11.3 years.

More than one in two marriages ends in divorce

For their part the French would they be more mobile in their private lives and in their professional life? That is what the sociologist Jean Viard says: our countrymen remain in their seven years and twelve couples with the same employer, had launched the author of In Praise of mobility, at a conference of parliamentarians UMP shocked by such a revelation . These statistics do were confirmed either by INED, National Institute of Demographic Studies, or by INSEE, the trend is real and underlined.

To judge the divorces in France, it is obviously misleading to report their number (130,601 voted in 2009) to that of marriages in the same year (251,478).And conclude that "more than one in two marriages ends in divorce." This rate of "divorce", a term the Ministry of Justice does not provide information on behavioral changes. Demographers proceed otherwise. They restore, generation after generation, the fate of unions. According to figures provided by France Prioux, a demographer at INED, 30% of marriages registered in 1970 ended in divorce, and this rate has steadily increased. It was 40% for marriages contracted in 1986 and 43% for married year 1992 payday loans with no fax. These projections, we said France Prioux only way to compare the routes, not yet complete, of generations as far as 1970 and 1992.

The side of the job market, things seem less clear.INSEE has just informed us that in 2009, 42.1% of employed persons in the same company for over ten years, all sectors combined (a photograph of the labor market in 2009). With peaks at 50.2% in industry and 57.3% for farmers. The crisis has prompted employees to remain in their company when they have not been dislodged by a "social plan". They were only 41.8% have a tenure exceeding ten years in 2008.

Since the early 1970s, couples and laws governing the Labour Code have embarked on a bizarre chase. The great divorce reform of 1975, establishing the procedure by mutual consent, was followed in 1979, still under the seven-Giscard d'Estaing, the introduction of fixed term contracts (CDD).In 1999, the creation of the PACS (Civil Solidarity Pact) offered a substitute for marriage, including homosexuals. Then the new simplified procedures for divorce in 2004 encouraged Florence Parisot, the president of MEDEF, in 2007 to ask (and get) a "divorce by mutual consent" between the company and the employee. But for now, advantage to love, including leases, more and more temporary, could in future be shorter than the labor contracts.

Ode to mobility

This hymn to mobility also money, third vital point of the triangle. "It is easier to change bank woman, ironically there are still some great banker instead. He stigmatized the administrative complexities inherent in this kind of operation.This is less true since the legal obligation in 2008 to establish a service in each establishment of "mobility aid" to its customers.

As for transport, their progress is measured in kilometers. In 1950, every French walked five kilometers a day, while he performs now 45, likes to emphasize the sociologist Jean Viard. Unfortunately, the ease of such material has to travel daily to more expensive counterpart perverse unprecedented housing in downtown. "There all is order and beauty, luxury, calm and pleasure", but inaccessible to the homeless near ", which should mobilize their time and energy to get to the grind. Should there be one day avoided the elevators in the big cities in order to reintroduce a social mix? In the nineteenth century, the less fortunate living on the upper floors where they climbed on foot. A lesser evil.

On the foreign exchange market, the euro continues to rise on fund prospect of higher interest rates from the ECB in the coming months as inflation in European countries made up the pressure.A euro is worth 1.3813 dollars on Tuesday morning around 7:30.

Tuesday, statistical side, the manufacturing PMI (Markit) will be released at 9:50 and will be released on turnover in industry and construction in December at noon. But the most anticipated figures today are those of the French automobile market for the month of February, while the effect of end scrapping should weigh on sales volumes as groups PSA Peugeot and Renault. We will look at the impact of these data values and automotive equipment manufacturers (Michelin, Valeo, Plastic Omnium, etc..) Stock exchange.

Technicolor has reduced its losses in 2010

On the values front, sales of the former Thomson – on the brink of bankruptcy in 2009 – have rebounded throughout the year.The net loss of 69 million has been divided by five.

Vivendi expects a slight increase in its profits and maintaining a high dividend in 2011 after posting 2010 earnings in line with expectations, the economic daily reported Tuesday Voices.

Casino Guichard wants to sell assets for 700 million euros. The group expects an increase in sales of more than 10% annually the next three years

GDF Suez, the second largest European utilities in terms of turnover, is studying the possibility of selling its gas distribution network in Italy as part of a transaction that can represent 750 million euros payday loans guaranteed no fax.

Carrefour and Alliance Boots company announced Monday an agreement of long-term cooperation in the field of cosmetics.Both groups will also explore partnership opportunities in emerging countries in the field of health.

Ingenico Group announced Monday night that he might have to raise its medium-term objectives, set for 2013, on the basis of a year 2011 for which it expects organic growth in turnover and improved margins.

Remy Cointreau The specialist wine and spirits Monday soirêtre entered into exclusive negotiations with the PPE Group for the sale of two brands of Champagne Piper-Heidsieck and Charles Heidsieck.

Predica, a subsidiary of Crédit Agricole Assurances and Land Wall announced Monday it had signed with the Louvre Hotels Group protocol to acquire a portfolio of 33 hotel properties operated under the Campanile.

The IT services company Steria announced Monday anticipate an acceleration in organic growth in turnover in 2011 against a backdrop of improving the IT services market, but its margin is expected to remain stable compared to 2010.

Dried Environment published Monday desrésultats 2010 rising, carried by the treatment and recovery of waste, and it was announced a further increase in current operating profit in 2011.

April Group announced Monday a 9.6% increase in net income in 2010 for increased income from investments and the sale of nonstrategic assets.

Bureau Veritas has released results Monday of 2010, net growth due to emerging countries and said to anticipate further strong growth in sales and operating profit in 2011.

Damartex announced Monday a Damartex Monday announced an increase of 17.5% in operating profit in the first half of 2010-2011 ended in late December, to 23.4 million euros, thanks to improved sales and its margin.

On the stock market in Frankfurt, the Dax lost 0.83% to 7134.70 points and the FTSE-100 from the London Stock Exchange was down 0.88% at 5871.69 points.

Wednesday, Wall Street closed down for the second straight session, losing more than 2% in two days.Same atmosphere in Tokyo where the Nikkei loose over 3.5% since the beginning of the week.

Announced unemployment down sharply in January

About unemployment, which figures will be released at 18 hours, the Labour Minister, Xavier Bertrand, assured that he would be in sharp decline for the month of January.

Moreover, consumer sentiment remained stable in February to 85 points and remains "well below its long-term average, said Thursday the National Institute of Statistics (INSEE).

For the euro area, the confidence index of entrepreneurs and consumers in February will be released in 11 hours.

United States, are due on weekly claims for unemployment benefits (1430), orders for durable goods in January (1430), sales of new homes in January (16 hours) and the weekly inventory of crude oil (16 hours ).

On the currency markets, the euro continues to gain ground against the dollar, the euro this morning quoting 1.3766 (+0.12%).

Oil is approaching $ 120 in London

A barrel of Brent North Sea crude for April delivery was just under $ 120 Thursday around 10:00 at 119.79 dollars, before retreating, supported by the unrest in the Arab world, including Libya, a major producer black gold.

On the podium of the largest declines the CAC 40, Vallourec (

Credit Agricole 2.68% to 12.09 euros

Credit Agricole posted Thursday a net profit in 2010 increased 12% to 1.263 billion euros, despite a loss in the fourth quarter due to an impairment charge.

France Telecom: -1.98% to 15.87 euros

France Telecom on Thursday posted a 2010 turnover of 45.5 billion euros, up 0.6% excluding regulatory measures, while its net profit also rose to 4.88 billion, in line with analysts' expectations.

The board of directors of the telephone company has formalized Wednesday, the eve of the publication of annual results of the group, the appointment of Stephane Richard as CEO from 1 March 2011.

Saffron: -1.55% to 24.51 euros

The aerospace and defense OEM French Safran announced Thursday it made a profit adjusted net up 29% in 2010 and is optimistic for 2011 with the objective of increasing its operating income by at least 20% quick guaranteed personal loans.

Supply: Washington will decide

Edenred: -0.76% to 19.05 euros

The prepaid industry, Accor, Edenred, reported Thursday a net profit of 68 million euros for 2010, against a pro forma net loss of 57 million euros a year earlier.

Vallourec: -4.56% to 74.11 euros

Vallourec 2010 results on Wednesday declined due to lingering effects of the crisis on its activity and said that its margins are under pressure in the first half of 2011.

After the publication of disappointing results on Wednesday, Accor fall of 4.34% to 32.43 euros.

Dexia 0.50% to 3.22 euros

Dexia announced the results below expectations in 2010 but maintained its financial targets for 2014.

EADS: -0.53% to 20.74 euros

The Pentagon is expected to unveil Thursday its decision on the mega-tanker contract from the U.S. Air Force, for which the U.S. aviation giant Boeing and Europe's EADS are competing for several years.

Air France postpones Paris-Tripoli

Air France-KLM: -1.08% to 11.50 euros

Air France-KLM has decided to postpone until further notice the opening of its Paris-Tripoli, scheduled for March 29 because of the situation in Libya, said the airline.

Vilmorin: -0.35% to 87.47 euros

Vilmorin confirmed its full-year after a first half marked by a reduced loss from one year to another through the bond of its activity.

Ipsos: -1.62% to 33.95 euros

Ipsos has announced plans to increase its operating margin to 11% and do better than market growth studies expected 5% in 2011, having exceeded its targets for 2010.

Dassault Aviation, a subsidiary of Dassault, owner of Le Figaro, is hopeful of winning a contract to supply 60 Rafale fighter jets in the UAE, for $ 10 billion, officials said adding that the group negotiations continued.

Award: Successful debut for Jemini

Technicolor: 1.10% to 5.31 euros

Technicolor announced Wednesday it had received a firm offer for the activities of headends from Grass Valley, balances and its assets in the subsidiary being restructured and terminating its program of asset disposals.The group is in advanced talks with Orange to build its next generation of decoders in France.

Jemini: 9.74% to EUR 8

The specialist licensed products, Jemini, lists on Alternext Thursday.

In meeting, Crédit Industriel et Commercial release its quarterly results. After market, it was the turn of Thales, Saint-Gobain, Valeo and Eiffage present their annual results.