Union anger over France Telecom plan
Saturday 06 September 1997
Although it stops short of the previous government's planned 49 per cent sell-off, which would have raised between Fr35bn and Fr50bn francs (pounds 3.6bn to pounds 5.2bn), the submission of the report to the Prime Minister, Lionel Jospin, angered unions, which threatened massive strike action in retaliation.
Alain Gautheron, a senior official at the Communist-led CGT union, said yesterday: "We plan to address the staff and get in touch with comrades from other unions so we can set the stage for action by France Telecom staff that could go as far as a massive strike to let the government know this is not what we want."
Analysts said investors had been encouraged by the government's willingness to sell stakes in publicly owned companies, which is seen as a crucial step in preparing France Telecom for the liberalisation of Europe's telecommunications market in 1998. The previous government, ousted in June's general election, only planned to sell 35 per cent of France Telecom in the first instance.
However, some economists said that by maintaining control over France's large public sector, the government was storing up problems for itself in future years when increasing international competition in areas such as transport and telecommunications would force it to cut costs and staff.
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
- 3 Arturo Vidal to Manchester United: Midfielder set to force through move to Louis van Gaal's Red Devils - reports
- 4 Disney heiress Abigail disowns her share of family profits in West Bank company
- 5 Israel's propaganda machine is finally starting to misfire
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...