Word: laborities
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...investors that a strike remains a very real threat as long there is no agreement on issues beyond the buyout proposal. Delphi chief executive Robert "Steve" Miller is pressing for more concessions and has said he will petition the court next week to set aside the company's existing labor contracts if there is no agreement with the UAW and other unions. Last fall, Miller briefly proposed cutting the wages of Delphi workers by 63%; the union has warned that a strike is possible if the court imposes a settlement on union members...
...confirmed spring break plans, 16 Harvard students studying abroad in France found themselves in the middle of a riot-torn nation at the center of international media attention. Hundreds of thousands of French students have been occupying university campuses, on strike from classes, in protest of a new labor law, known as the Contrat Première Embauche. The law will allow employers to fire workers under 26 within a two-year trial period without advance notice. People opposed to the law fear it will worsen the already bleak job market for the younger generation. Harvard students studying abroad...
Though many of the French high school and college students marching in nationwide demonstrations this week aren't old enough to vote, their protest movement is already influencing the run-up to next year's presidential elections. As teachers, parents, and labor unions have joined growing opposition to a government law designed to loosen labor markets and battle dizzying youth unemployment, presidential hopefuls among conservatives and the leftist opposition alike have been forced to scramble to survive the rising tide of unrest - or try riding it to their advantage...
...without providing a reason or the usually hefty severance payments. Students and their backers dispute government contentions that the increased flexibility will reduce youth unemployment; instead, they say the law designates young people as the first victims in what will become a general rolling back of France's traditional labor and social protection system...
...Sounds nice, but is it credible? Sarkozy has built his presidential profile on visions of sweeping economic and labor reform and urges "rupture" with France's social model in favor of the freer-market U.S. and U.K. versions. He's also been a tough law-and-order advocate, promising to "cleanse" the blighted French suburban projects of its young "thugs." "Sarkozy's entire political identity since he made the presidency his obvious objective has been based on tough law-and-order enforcement, and equally radical economic liberalism," says Dominique Reyni?, a political analyst at Sciences-Po in Paris, who says...