Word: workweek
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Edouard's willingness to communicate didn't stop with his opening up to press, analysts and investors clamoring for information. Against his father's advice, he also negotiated the implementation of France's 35-hour workweek with unions and employees. Between working, driving his five daughters to school and following auto racing, Edouard takes the time to explain how the 1999 restructuring plan and shift in sales strategy allowed Michelin to survive a globally grim 2001 and report earnings of ?314 million on sales of ?15.77 billion. Such collective efforts to remain profitable and attentive to quality are what inspired...
...lead from America's high-productivity economy. And despite much progress in recent years, too many Europeans still aren't working. Businesses and the European Central Bank continue to prescribe flexibility - making it easier to fire and cheaper to hire. As France's embrace of the 35-hour workweek shows, however, Europeans aren't always eager to put growth first. Security, quality of life and, yes, political power matter, too. Here Time looks at two countries where labor is pushing back...
...University of California, Berkeley. When researchers presented their findings at a tense February meeting, Fuller says, HHS "requested that we delay release by two months." Why all the fuss? The debate over reauthorizing the landmark 1996 Welfare Reform Act is heating up, and the Administration wants to increase the workweek of welfare recipients from 30 hours to 40 hours while holding current child-care funding steady at $4.8 billion. The National Governors Association and the National Conference of State Legislatures, seeing sagging state budgets, have critiqued the plan. Bills introduced by Senate and House Democrats would boost child-care subsidies...
Agrawal's organization is supporting the Patient and Physician Safety and Protection Act of 2001, introduced last November by Representative John Conyers Jr. of Michigan. Its key provisions, modeled on New York State's regulations, include an 80-hour workweek and a 24-hour work-shift limit...
Following the Sept. 11 attacks, 7,000 Far&Wide clients canceled upcoming trips. CEO Phil Bakes furloughed a third of F&W's employees and put its eight overseas offices on a reduced workweek. Since then, 80% of the cancellees have reupped. As of last week, new bookings had bounced back to 50% to 60% of normal...