The SocGen Banker Union Calls A One-Day Strike To Protect Jobs
January 8, 2013 - 7:55am
You read that right: SocGen, the second largest French bank, not only has labor unions, but they have just announced a one-day national strike to protect their jobs. Which is odd, because it was our impression that in socialist France nobody is allowed to lose their job ever again. Perhaps that excludes bankers: the confusion surrounding the Fairness Doctrine, which may or may not tax millionaires at a 75% tax rate continues to grow. From Dow Jones: Trade unions at French bank Societe Generale SA (GLE.FR) called a one-day national strike Tuesday to protect jobs at the bank as it continues its cost cutting plans. "It seems that the management is trying to give itself the means to easily proceed with new lay-offs," said Alain Treviglio, a trade union representative with the French Democratic Confederation of Labour, or Cfdt. "Employees are very worried," he added. The ...
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