Sarkozy Outlines Jobs Plan

BY GABRIELE PARUSSINI

PARIS?French President Nicolas Sarkozy's government is using the holiday break to arrange a plan aimed at containing a sharp rise in unemployment by persuading companies and workers to agree to a new deal: pay cuts for job guarantees.

Largely inspired by measures Germany relied on to navigate the 2009 economic recession, the draft plan calls for companies to retain all staff even if they are faced with a slump in orders, and for workers to accept lower pay. As an incentive and to help pay for the move, the government would kick in for some of the lost wages and ...

BY GABRIELE PARUSSINI

PARIS?French President Nicolas Sarkozy's government is using the holiday break to arrange a plan aimed at containing a sharp rise in unemployment by persuading companies and workers to agree to a new deal: pay cuts for job guarantees.

Largely inspired by measures Germany relied on to navigate the 2009 economic recession, the draft plan calls for companies to retain all staff even if they are faced with a slump in orders, and for workers to accept lower pay. As an incentive and to help pay for the move, the government would kick in for some of the lost wages and ...

Source: http://online.wsj.com/article/SB10001424052970203899504577128643352709420.html?mod=rss_europe_whats_news

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