Air France offers a stake to pilots in labor pact

Article Abstract:

Air France is nearing a three-year labor pact with its pilots that is expected to boost the airline's competitiveness and make way for its partial privatization. Under the deal, the pilots will own a stake in the French airline company in return for long-term labor peace, greater operating adaptability, lower wages, and automatic freezing of wages for three years. If finalized, it could lower the company's operating expenditures by approximately $90 million. It would also permit the company to allot up to 5% of its activities to venture into expensive low-volume routes with more effective outsourcing agents and lucrative European markets.

Comment:

Plans to sell stake to pilots in return for lower wages, long-term labor peace & greater operating adaptability

Scheduled Airlines, Scheduled Air Transportation, Personnel administration, Airlines, Air France KLM S.A.

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France Telecom to issue up to $10.7 billion of shares

Article Abstract:

France Telecom, a firm that is partly privatized, disclosed plans to sell up to $10.7 billion worth of shares of its stock. The company's planned stock offering is aimed at capitalizing on the resurgence enjoyed by the stock market. France Telecom, which is fast growing its operations beyond France and is fending off competition from rival firms, plans to have the funds raised from the stock offering divided between the government of France and its own perusal.

Comment:

Discloses plans to sell up to $10.7 bil worth of shares of its stock

Telecommunications, Securities issued, listed, Telecommunications industry, France Telecom S.A.

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France Acts Over Mad-Cow Disease

Article Abstract:

French Prime Minister Loinel Jospin banned beef bone and flesh in animal feed. T-bone steaks were banned for human consumption.

Product standards, safety, & recalls, Livestock, Except Dairy and Poultry, Beef Cattle, Cattle Ranching and Farming, Safety and security measures, Livestock industry

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