Alcatel-Lucent's European trade union coordination met, on March 1, 2007, under the auspices of the European Metalworkers's Federation (EFM) following the announcement, on February 9, of job cuts within the group. This reorganization plan "is a worrying signal for highly-skilled employment in Europe",the EFM judged. (Ref. 070191)
In a quite unusual manner, the EFM denounced “redundancy directed by the stockmarket” judging that “the 40% increase in the job cuts envisaged in 2006 means that the central management considered salaried jobs must be directly linked to short-term activities and the stock market rates”. “For the workforce,” the EFM went on, “this plan is synonymous with unemployment whilst the shareholders are entitled to a solid dividend and management is paid exorbitant salaries”. The European trade union co
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