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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFrancois Hollande: Peugeot job cuts are 'unacceptable'
Mr Hollande said that the state would not be "indifferent" to Peugeot's decision to slash 8,000 jobs and close its Aulnay plant near Paris in 2014.
Speaking on national television, the French president insisted that he would press the company to amend the plan. The plan in the current state is not acceptable, it wont be accepted, he said.
Mr Hollande, who took office in May, said the government had asked experts to assess the struggling carmaker's finances and make recommendations for the company.
Peugeot denied this week that it asked for a bail-out from the government, after reports in the French press suggested that the carmaker had "asked for a loan" from the state in return for a stake in the company.
However, Mr Hollande said on Saturday that the government would consider broader measures to help automakers and create incentives for consumers to buy French cars.
Speaking on national television, the French president insisted that he would press the company to amend the plan. The plan in the current state is not acceptable, it wont be accepted, he said.
Mr Hollande, who took office in May, said the government had asked experts to assess the struggling carmaker's finances and make recommendations for the company.
Peugeot denied this week that it asked for a bail-out from the government, after reports in the French press suggested that the carmaker had "asked for a loan" from the state in return for a stake in the company.
However, Mr Hollande said on Saturday that the government would consider broader measures to help automakers and create incentives for consumers to buy French cars.
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Francois Hollande: Peugeot job cuts are 'unacceptable' (Original Post)
FarCenter
Jul 2012
OP
lunatica
(53,410 posts)1. Monsieur Hollande is someone to watch
socialist_n_TN
(11,481 posts)2. Not far enough Mr. Hollande...........
If Peugot wants to close that factory, then you nationalize it and let the workers run it. With no profit margin for the parasites, only for the workers, you can make the auto cheaper and sell it to the people cheaper in direct competition with Peugot.
Time to play REAL hardball.
FarCenter
(19,429 posts)3. Where would they get the parts and supplies?
It's an auto assembly plant.
socialist_n_TN
(11,481 posts)5. I'm sure the government could tax the French billionaires.........
and millionaires enough to provide start up money.
FarCenter
(19,429 posts)6. You could nationalize PSA Peugeot Citroen as a whole
But it is impractical to nationalize an auto assembly plant. Plus it only produces a couple of models, which are also produced elsewhere.
French socialist bureaucrats running an auto company? I think it has been tried before with Renault.
SickOfTheOnePct
(7,290 posts)7. To what end?
To build cars that people aren't buying? That's just throwing money down the drain.
Zalatix
(8,994 posts)4. Now that's what I'm talkin' about.