Renault reaches groundbreaking deal with unions March 13, 2013 - 17:39 AMT PanARMENIAN.Net - French carmaker Renault SA says it has reached a potentially groundbreaking deal with leading unions that allows it to reduce its workforce and cut costs in exchange for keeping jobs and production in France, The Associated Press reported. Renault and other European carmakers have been struggling to stay competitive globally as Europe's car market flails. Rigid labor agreements in France drive up wages and benefits and make it difficult to move jobs elsewhere. The Renault deal is aimed at providing management more flexibility in staffing as the market evolves. Renault said in a statement that Chairman Carlos Ghosn signed the deal with representatives of the CFDT, CFE-CGC and FO unions Wednesday, March 13. The French government and big companies in similar straits have been closely watching the Renault negotiations, which took nearly nine months.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
