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Ford (F) reaches an agreement with authorities in France to keep 1,000 employees at a...

Ford (F) reaches an agreement with authorities in France to keep 1,000 employees at a Blanquefort factory. In exchange for the company's promise to retain the workers, the local government will invest €12.5M with Ford's €125M to produce gearboxes at the location.
Comments (7)
  • win - win ?
    24 May 2013, 05:32 PM Reply Like
  • In this country, I believe that is called extortion.
    24 May 2013, 05:35 PM Reply Like
  • 9% investment by French, 91% investment by Ford, to retain 1000 jobs, income, taxes, etc. Sounds like good incentive to me. Our local and state govts. do it all the time. Some pay much more to get less.
    24 May 2013, 05:46 PM Reply Like
  • Which country is that?

     

    Are you referring to extortion by the French Government, which is forcing the automaker to continue to lose money in spending hundreds of millions more in supporting unfavorable entitlement-based contract labor conditions, in a socialistic protectionist society? All for the sake of shielding the Government from the wrath of the Union Thugs, who may force a no-confidence vote against The Regime and then support the Opposition Party if they think they may lose their jobs?

     

    Come to think of it, that sounds exactly like the current US Regime as well.
    25 May 2013, 10:28 AM Reply Like
  • go F! jpmj4847
    25 May 2013, 12:16 AM Reply Like
  • I can tell by your message that you do not labor for a living. Just another union hater who hates to see employees with any rights. Loves, non living wages.
    25 May 2013, 03:28 PM Reply Like
  • There are plenty of automakers that do not have a unionized work force, and they and their employees are doing just fine with exactly zero complaints on either side. Union Thugs show up from time to time with proposals to organize the labor force, and they are laughed out of the room every time by the very laborers they propose to "save".

     

    Unions have outlived their usefulness, and have resorted to blackmail to try to get their way in supporting inefficient Old World practices that are noncompetitive. This forces businesses out of business, or forces them to shut down overstaffed and inefficient operations to avoid bankruptcy, unless the Local, State, and/or National Governments offer bribes paid by taxpayers to cover the losses.
    25 May 2013, 06:10 PM Reply Like
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