Too funny. French employment policies.

Too funny. French employment policies.

Summary: I first encountered the difference between French and US employment policy during the dot com boom and I was working with a friend, Gilles Lerat, on an electronic coupon management solution he had developed. His company, a successful security consulting and reseller firm, was worried about the "employment police" who would stake out their parking lot and fine the company if they uncovered evidence that people were working late.

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TOPICS: Banking
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I first encountered the difference between French and US employment policy during the dot com boom and I was working with a friend, Gilles Lerat, on an electronic coupon management solution he had developed. His company, a successful security consulting and reseller firm, was worried about the "employment police" who would stake out their parking lot and fine the company if they uncovered evidence that people were working late. Can you imagine? A bunch of 25 year old engineers being told to go home, they had done enough for one day? An example of laws written for post war Europe when "jobs" were different I guess.

In a freaky turn of events we discover that Jerome Kerviel is still employed by Societe Generale, the bank that he fraudulently plundered of $Billions. It turns out that two judges ruled this past weekend that he must stay away from the bank during an ongoing investigation. But, in order for Societe Generale to actually fire Jerome they must sit down with him and a representative in a scheduled meeting. Donc, en empasse! While they have apparently stopped his pay, M. Kerviel is still an employee.

Only in France. In the meantime some are trying to figure out who will play JK in the movie?

Topic: Banking

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4 comments
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  • And the flip side is THIS jewel ...

    "Rewards are rich for failing"
    http://www.chron.com/disp/story.mpl/business/5504313.html
    Friday's Houston Chronicle.
    kd5auq
  • RE: Too+funny.+French+employment+policies.

    The NYT did this piece during one of the job riots, describing how hard it is to fire a Frenchman.

    http://www.nytimes.com/2006/03/26/weekinreview/26smith.html
    weberdan@...
  • Doing business in France

    Although I don't remember precisely that day, this story is one of the many that clearly shows the problems of doing business in France.

    Therefore, I still wonder everyday that we happen to have world leaders in France : Michelin, LVMH, Air Liquide, Essilor, Vinci, ... to name a few.
    The reason ?
    Give me a "world leader" of something born in France in the last 25 years ? There are none, with the notable exceptions of Dassault Systems (born of the Dassault Aviation Group) and (once) Business Objects, which acted like an american company very soon.

    Don't get me wrong, it is possible to start a company, it is just very difficult to make it grow steadily and rapidly.
    France is a very good country to live, raise children, etc... (not so good as Michael Moore would like us to think, tough), but to start & grow a business, nothing matches the U.S.A !!!

    Gilles
    gilles.lerat@...
  • RE: Too funny. French employment policies.

    beautiful and mighty America:
    Where not only is it easy to fire an american, but also still easier to hire a low-wage mexican at the boarder!
    "An example of laws written for post war Europe when ?jobs? were different I guess."
    What was so different in post war europe: explain that to me as if I were a two year old: were there more jobs? less jobs? how can you explain that it is "necessary" to work 15 or 16 hours a day, when unemployment is at a high of about 10%? is your ideal world, a world in which people have no interest other than work?
    Yeah, you said it: France is a country where it is great to live and raise children.
    As for The US ... send them planes...
    ooops just joking!!!!
    Alberticon@...