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Despite record profits, Total cuts French jobs
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Added by
madameape on 13 Mar 2009
From: www.expatica.com
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| Image courtesy Bob the courier via Flickr |
France is protesting oil giant Total's planned cut of some 500 jobs in the wake of record profits in 2008.
Expatica: "Three hundred jobs are to go in Total's petrochemical arm and around 250 in its refineries, union officials were told at a specially convened meeting with management.
Philippe Goebel, managing director of Total Petrochemicals France, told AFP the posts would go at the subsidiary's French plants, offices and research centres.
He said the job cuts were a result of overcapacity in world petrochemical production and promised that the firm would create 100 new jobs in a partnership deal with GDF-Suez to produce solar panels.
Goebel insisted that there would be no compulsory redundancies and most would be through retirements.
But, coming less than a month after the Total parent company said it had made a French record profit of EUR 13.9 billion in 2008, the announcement angered both the government and unions."
Of course no French layoff announcement would be complete without a vigorous protest, which duly proceeded: "Workers at Total's Gonfreville l'Orcher refinery on France's north coast held a protest outside the plant after the job cuts were announced."
Expatica: "Three hundred jobs are to go in Total's petrochemical arm and around 250 in its refineries, union officials were told at a specially convened meeting with management.
Philippe Goebel, managing director of Total Petrochemicals France, told AFP the posts would go at the subsidiary's French plants, offices and research centres.
He said the job cuts were a result of overcapacity in world petrochemical production and promised that the firm would create 100 new jobs in a partnership deal with GDF-Suez to produce solar panels.
Goebel insisted that there would be no compulsory redundancies and most would be through retirements.
But, coming less than a month after the Total parent company said it had made a French record profit of EUR 13.9 billion in 2008, the announcement angered both the government and unions."
Of course no French layoff announcement would be complete without a vigorous protest, which duly proceeded: "Workers at Total's Gonfreville l'Orcher refinery on France's north coast held a protest outside the plant after the job cuts were announced."
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