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22 October, 2001Although some jobs will be saved, thousands of others will disappear both in France and beyond its borders.
FRANCE: In a press release issued yesterday, October 22, the metalworkers' union FGMM-CFDT, affiliated at global level to the IMF, reported that a French commercial court in Nanterre has approved the rescue takeover bid of household appliance maker Moulinex by another well-known French appliance maker, SEB. The union says that even if this decision keeps Moulinex from going bankrupt, thousands of jobs will disappear, carrying serious consequences not only for the region of Lower Normandy but for thousands of jobs beyond the French borders.
"Employees, jobs and the region are paying a high price for errors in strategy and management," declared the union, "mistakes which have been accentuated by the position taken by political decision makers at local and national level, whose action did not secure the future." All possible means must be put in place, insists the union, to ensure jobs for all those concerned who will not be included in the SEB takeover, whether at Moulinex, its subcontractors or suppliers.
"Employees, jobs and the region are paying a high price for errors in strategy and management," declared the union, "mistakes which have been accentuated by the position taken by political decision makers at local and national level, whose action did not secure the future." All possible means must be put in place, insists the union, to ensure jobs for all those concerned who will not be included in the SEB takeover, whether at Moulinex, its subcontractors or suppliers.