Posted by admin | Under Uncategorized, finance, life, money, news
Tuesday Feb 9, 2010
Automotive suppliers will even remove tens of thousands of jobs in 2010. This is reflected in the report prepared as part of the Committee in Support of subcontractors motor development by Christian Estrosi last September, whose findings were released last November. In the newspaper Les Echos this Monday, we learn that it is 40,000 to 50,000 jobs are threatened in France.
Currently, industry professionals, such as Michelin, Valeo and Faurecia still revolve overstaffed by about 25,000 jobs to outsourcing and 14,000 for the equipment of one rank, that is to say those who deal directly with major manufacturers."By adjusting the calculation from the future evolution of automobile production lights and possible productivity efforts, the Task Force falls even on an estimate of 40,000 to 50,000 jobs too," reads in columns the business daily.
The job cuts have already begun. Already, in late December, all suppliers were documenting 265,000 employees, or 35,000 fewer than in 2008, and 55,000 fewer than in 2005. Plans starts or closings of sites, almost all companies have downsized.
Positions on an ejection seat
Thus, 2010 will be another year of unrest in the area. Last year, pressure from Molex or Continental was rising power.
According to the Committee Estrosi, all branches, with the exception of the forge would be affected.The report mentions the possible disappearance of 7 out of 10 jobs in the molds and tooling in just two years, reports Les Echos. In rubber, overstaffing are estimated to 5,300 jobs from a total of 46,500.
The radar screens already viewing site closures. As the unit of Plastic Omnium Sandouville or that of Noyelles les Seclin Michelin.Furthermore, Visteon should further reduce its workforce, for example on the website and that of Gondecourt Renault Flins.
Moreover, the stress that a reorganization Echos – Meeting of the eleven branches in three areas – at Valeo lead to further job cuts, especially "in the administrative and executive officers," according to a coordinator CFE-CGC.
Ways to do better
This commission set up by Christian Estrosi, comprising manufacturers, suppliers, subcontractors, trade associations, research organizations, trade unions and elected officials, was intended to provide short-term measures to support sub-contractors in trouble, d 'solutions to better anticipate and better support the structuring of the industry .
Following the presentation of findings, Christian Estrosi and had announced last November some measures. Since the creation of a fund within the Fund for the Modernization of Automotive (FMEA) for sub-contractors of rank 2 and up. It especially allows easier access for SMEs (Small and Medium Enterprises) of the automotive industry to 2 billion euros managed by OSEO and the ISP for the strengthening of equity or quasi equity, established under the plan SME financing.
On the accompanying measures of economic and strategic changes, the state funding of strategic diagnosis for SMEs in the sector is provided for those who request it. Also, a platform or "stop" will be formed under the auspices of the Prefect, to inform SMEs.In addition, a working group on employment trends in the automotive industry has been launched. As a "scientific board" to provide a technical and manage the excess capacity of different sectors.
Regarding measures related to innovation, the government called for better coordination between clusters Motor (MOVEO, ID4Car, Car of the Future).
Christian Estrosi had said in late November that he was "very attentive to the establishment of partnership relations with all suppliers, large or small. A similar quality and price, was the preferred logic ecosystem around local produce suppliers.
The Exchange requested evidence
At the Paris Stock Exchange on Monday, Michelin lost 0.9% to 53 euros, Valeo drops 1.9% to 22.2 euros, Faurecia coward 1.33%, to 14.4 euros and sells Plasctic Omnium 1 13% to 25.4 euros.These companies sign strongest stock declines in the automotive sector.
For Paris-based analyst, "this plan is good news for the French automotive industry because it sends a strong signal of government support." He said he especially aims to create a shock in the short term."In market terms, it is likely that this plan has already been partially played, and he must demonstrate its ability to limit the drop in auto sales scheduled in the months to come," he said.
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Posted by admin | Under economy, finance, publications, resources, top news
Sunday Feb 7, 2010
A crisis? What crisis? The luxury group Hermes has earned over the year 2009, sales up 8.5% (+4.1% at constant exchange rates), to 1.91 billion euros, exceeding its objectives and expectations of analysts (1.886 billion according to the consensus).
Performance explained by the boost of holiday season. In fact the only three months of 2009, activity has soared by 18% (+11% constant).
"All geographical areas are progressing with the exception of Japan," the group said. This is not surprising. The improvement in the fourth quarter was very strong in the Americas (+20% after +1.6% at the end of the first nine months of the previous year) and Europe (9% after -0.5%) and Asia outside Japan is still very active (35% after 26%).
The two activities most contributors margins are very strong, with an annual turnover up 16% on leather goods – which represents about half of total turnover – and 6% on Silk (12% of total business) cash advance to savings account . The activities mainly wholesale sales are picking up later this year but remain in the red.
Hermes International has finally raised its initial target of 5% decrease in recurring operating income is now expecting a slight increase. Natixis Securities anticipates an increase of 1%. In addition, net income is expected "close to that of 2008, or 290 million euros. The broker for the time table of 306 million euros. An analyst meeting will be held from nine hours.
For 2010, the continuation of the strategy and twelve new branches are announced.
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Posted by admin | Under business, economic, finance, life, technology
Friday Feb 5, 2010
After the Japanese manufacturer Toyota is Ford's turn to report problems with brakes on hybrid cars. Without explicitly mention a reminder of cars, the manufacturer said that the owners of certain 2010 models of the Fusion Hybrid and Milan Hybrid mail to receive a letter advising them to go to their dealer for a free upgrade of the computer system manager braking.
The manufacturer said that the problem occurs when switching between the two braking the vehicle, and that drivers always have an effective braking despite posting misleading.
At Ford, the software problem equip 18,000 cars, but only a small fraction of that total "will suffer a problem, according to a consumer association.
Posted by admin | Under business, finance, news, resources, world
Monday Feb 1, 2010
After giving a first pressure on the management of the oil company, Christian Estrosi, Minister of Industry, insists the government "will not accept" the closure of the Total refinery at Dunkirk "as long as n 'There will be no guarantees the necessary continuity "of some 800 jobs involved," he said Monday on radio BFM.
The Government looks forward to the official position of Total in this case. The group must decide precisely Monday on the fate of the Flanders refinery, which employs 370 employees and 450 subcontractors.Depui mid-September, the site is in "stop cyclical" because he can no longer sell its output, given the current weakness in demand for fuel.
"For the moment we have no binding commitment on the part of Total and I say very clearly, the Government will be firm," said Minister of Industry free credit score .
The previous March 2009 is remembered
In any case, the government has warned it did not intend to be outdone in the folder "Total". "We will not accept an initiative to be taken unilaterally without any commitments are made to sustain current employment at the refinery," says Christine Estrosi.
Last Tuesday, the Minister noted that Total was considering the possibility of opening an LNG terminal in the port of Dunkirk.
In March 2009 already, the oil company had attracted the ire of politicians, after announcing the abolition of 555 posts in France, including 249 by 2013 in the refinery. A few weeks earlier, had issued a total record profit for 2008 of 13.9 billion euros.
Posted by admin | Under finance, online, people, resources, top news
Wednesday Jan 27, 2010
If these are the salaries of bosses who are the most frequently stigmatized, smaller does not make as many copies. An analysis by John Gatty, chairman of the management company portfolio JG Capital Management, is evident even in the inverse relationship that binds the market performance of the Small Business 90, and pay their boss!
Without claiming to have conducted a scientific study, the manager who invests heavily in these small caps of the SBF 250, compiled and classified statistics publicly available on the market performance of these 90 companies since 2001, and compensation their boss. The finding, paradoxical, compiled by JG Capital Management, is that, on average, over the boss's pay, the higher the stock market performance of the enterprise is low.
"Inverse correlation and shocking"
The nine companies whose stock price rose the most since 2001 (average 640% Hi-Media, Gameloft, Lacie, or VM Toupargel materials are involved) are those whose employers are paying less (203 payday loan € .000 in 2008). While nine companies whose stock performance was the worst (-76% on average over the same period) are also those whose bosses are better paid (675,000 € in average). They include Rodriguez, whose owner has received 1,439,000 euros in 2008, Eurodisney and GFI Informatique. John Gatty is that the observed sample (90 companies) can do together, because of its smallness, as special cases. The strength of these statistics suggest, however, perplexed.
Martin Hirsch and John Gatty have also a common platform to Echos, denounced the governance problems revealed by these statistics. For "almost all the companies in which we observe this inverse correlation and shocking claims to respect the requirements of the Code of Corporate Governance prepared by the MEDEF Adep and" they rebelled.
Posted by admin | Under events, features, finance, people, technology
Thursday Jan 14, 2010
PC producers smile again. According to Gartner, it has sold nearly 306 million computers worldwide in 2009, against 302.2 million units in 2008. An increase of 5.2% in one year. In November, the firm analysts foresaw growth of 2.8% this year. This recovery was mainly driven by a surge in sales of 22.1% over the fourth quarter alone. While the basis of comparison is largely favorable. The global economy plunged into crisis a year earlier, with only 78 million PCs sold in the fourth quarter of 2008 (+1.1% over the same period in 2007).
Today, all regions of the world leave more beautiful. "The United States and Asia-Pacific had already been positive indicators in the third quarter, but fourth quarter results give more evidence of a global recovery," said Gartner analyst Mikako Kitagawa.For the first time in three quarters, in fact, the regions Europe, Middle East and Africa were up in the fourth quarter.
Redistribution of cards
A recovery has been particularly successful in producing Taiwanese Acer. The latter took the opportunity to eclipse Dell's second largest computer manufacturers in 2009, after flying his way to his American rival in the third and fourth quarters. Over the year, Acer has sold 39.897 million in total PC, a jump of 29.4% which enabled him to capture a market share of 13%. Dell, meanwhile, reported sales of 37.355 million computers over the year, down 9.1%. Its market share fell to 12, 2%, against 14.1% a year earlier.
The battle for second place does not seem to affect Hewlett-Packard, anyway. The American manufacturer is sticking to its first place. And by far.The world has sold 58.947 million computers in 2009, registering an increase of 11.3% comfortable compared to 2008. HP wins a market share of 19.3% (against 18.2% last year).
Sales from consumer PCs and cheaper
According to analyst Gartner, HP, Acer and Toshiba, the fifth largest producer with 15.495 million computers sold in 2009, received a "strong consumer demand." The business market, it remains uncertain. This is not the business of Dell, which has mainly specialized in selling office equipment. Finally, Mikako Kitagawa highlights the success of the cheapest PC. To demonstrate the success netbooks, often sold at less than 300 euros, continues unabated.Finally, the launch of the new operating system Windows 7 to fall was a great marketing coup for the holidays.
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Posted by admin | Under finance, life, resources, special, world
Tuesday Oct 20, 2009
Interest rates continue to decline. On October 14, they fell 0.10% to 0.20% compared to September in all regions and all periods of credit, the broker finds loans in its new barometer. The most pronounced declines were registered in Eastern and Northern. In detail, on average, rates on fifteen-year fall to 3.95%, and twenty years, to 4.05%, respectively accusing a decrease of 0.10% and 0.15% compared to last month. What attract future buyers! For example, a couple borrowed 200,000 euros in twenty years will earn 35,520 euros if he buys now, with a rate to 4.05% compared to October 2008 (with a rate of 5.40%). The least expensive region is the South West with 3.90% in fifteen years and 4% in twenty years. Empruntis also notes that the gap between regions is reduced: 0.5% between the cheapest and most expensive.This result can be explained by the fierce competition that will deliver major networks and regional mutual funds.
In his memo on the economy published earlier this week, the Fnaim believes that "out of financial crisis, improved conditions for distribution of mortgage loans to households is favorable to borrowers." Lower interest rates of nearly 130 basis points since November 2008 makes it possible to compensate the shortening of the duration of loans observed since 2008. This decrease is the "welcome" because it constitutes "a sort of remission for the poorest households, previously convicted of certain debt on to almost three quarters of the time devoted to their careers."
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Posted by admin | Under Uncategorized, finance, life, online, opinions
Tuesday Oct 20, 2009
A waste of time, those ten minutes than most workers agree over a cup of coffee? Far from it, if we believe the results of a study conducted by the institutes and LH2 Market Vision on behalf of the professional division of Nespresso. We learn especially that beyond the relaxation that is the coffee break (for 88% of respondents), it is also a powerful tool for enhancing cohesion within a team (after 75% of respondents) and even the best way to ease tensions (cited by 65% of people). The human resources officials themselves acknowledge (79%) that this pause creates a nice moment to limit tension within a team.
It does not take more to make the study of a small black management tool "stealth".This time informal, relaxed and pleasant would more easily establish dialogue and reach consensus on better terms. As employees, they are 81% think that time is essential to keep a clear mind and leave more effectively to its work. Without awaiting the results of this study, some companies have chosen to treat their particular cafeteria into a vital forum for the exchange. Meeting-place for employees of services and different hierarchical levels, the coffee would find that we did not try. Many innovations are born and following discussions between employees who do not encounter in everyday life but find themselves over coffee.
The only fly in this almost idyllic picture, the human resource managers are significantly less convinced that the employees must side of espresso in the morning as a tool for human resource management. Thus, only 11% of managers believe that the time coffee is essential to convey messages, while employees are three times more likely to be in complete agreement with this notion. Nespresso, which hopes to increase its presence in the business with his occupation, in many rely on this argument.
We also learn in this study that are on average 3 coffees are consumed each day in the workplace. For 77% of employees it is a ritual, without surprise morning coffee wins the most votes (44%) to those who follow the lunch break (40%) and the afternoon (23 %).