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SELNI, last French manufacturer of motors for washing machines, has just robbed a mega contract to one of its Chinese competitors. This firm, which currently employs 150 people, provide from the end of the year in Vestel, a Turkish specialist appliances, two million engines per year, and for ten years. "This is a contract of several hundred million euros, whereby we are doubling our production. In France today, we can compete with the Chinese, "says Philippe Vidal, CEO of SELNI.

SELNI, whose turnover is currently around 25 million euros, has managed to match Chinese prices, while offering products of superior quality. "Our responsiveness has also weighed in the balance. Our technical tool allows us to fill an order within 48 hours, against more than 6 weeks for the Chinese, who suffer from very long delivery times, "says the director.

Production in Turkey

However, the company based in Nevers comeback. Hard hit by the crisis of 2008-2009, she almost put the key under the door, before being taken up by several of its executives. Today she is back on track. "We have optimized our products as our organization. Engines, for example, have been lightened up. It has replaced some components in copper with aluminum, but harder to work cheaper. Internally, we developed the versatility of each, "says Philippe Duval.

This additional production does not necessarily translate provided by new hires. 800,000 engines for entry level to provide Vestel annually SELNI had to agree to perform in Turkey, 3 kilometers from his client. "We would not have been able to make these motors very cheap in France, and we reserve margin. This proximity allows us to provide just-in Vestel, explains Philippe Duval. We approach our customers as we did before the automakers. "

From 30 to 40 people will be employed in Turkey. "That leaves 1.2 million engines a year to produce more in Nevers."

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Shop for less cost on your insurance policy and you'll soon find that even your present insurance carrier may be able to assist you with a low rate car insurance policy.

 

With nearly 38,500 hiring managers conducted in 2011 and 39,000 more planned in 2012, APEC confirms that the sales function is still leading the race. Unquestionably, it is one of the engines of job market or non-management frameworks. But in an uncertain period, where companies seek to expand into new markets, priority is given to hunters.

Alice Guy-Bolmin, responsible recruitment and career management, Inmac WStore.

 

For the third and penultimate trading session on the agreements "competitive employment", management has decided to accelerate. A draft framework for these agreements was submitted Tuesday to the unions to allow companies to adapt working time and wages according to the activity and avoid having recourse to short. On this subject on the table by Nicolas Sarkozy in January, the MEDEF is pressed to agree – while the unions themselves, the play shows until the presidential election.

Laurence Parisot, the boss of bosses, gave instructions to his troops to quickly reach a compromise: "Beyond the election, so does employment and business life."

The project submitted by the employers provides that such agreements are negotiated within the company, with unions that are present payday lenders. "The branch is present in an advisory capacity and can not be blocking," says Patrick Bernasconi, leader of the employers' delegation. Moreover, the agreement should be concluded for a fixed period, not exceeding two years. The refusal of an employee to accept a dismissal would sui generis authorizing him to receive severance and termination pay.

The unions responded in a disorganized, the polite refusal of the CFDT not judging "not balanced" the denunciation of a "job blackmail" by the CGT.

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"Unions dodge the issue of competitiveness

 

The French are increasingly choosing to sustainable consumption. With the crisis, their new creed is "eat less but eat better." The year 2012 starts elsewhere in the gloom on the front of the consumer. The French have reduced their spending by 0.4% in January, INSEE announced Tuesday. This is despite the sales. A recent survey * Ifop, higher wages and purchasing power is a priority concern for 58% of French people (+ 7 points from August 2011) in the context of the presidential election. In addition to these concerns, the ideals of consumption to find a new green accents echo in these times of crisis. A brief overview of the latest trends in cutting waste.

? Donations from individuals, to stop throwing

"Donation after donation, we change the world." Is the slogan of Freecycle.org, a global network of gifts between individuals born in the United States in 2003, which now has 7 million members in 95 countries. In France, it boasts just over 44,000 members. The principle is simple: users register for free on the site to enter into relationships with other individuals and to make donations and recovery of objects. With over 345,000 members, the site Donnons.org created in 2006 has never experienced the crisis. In February, over 9,000 people registered on the site, after more than 11,000 new members in January. "With the decline in purchasing power, our members are looking for an alternative way to consume, and want to give new life to objects instead of flooding the waste dumps," said Isabella Geist, moderating Donnons.org. For the poorest, this site allows free access to certain equipment. "Unlike associations, we function as a social network. Some people stay in touch after making a donation. "

The "comeback" the most spectacular remains of the knitting. Photo credits: Karine Image / Flickr

 

500 billion euros shake the Bundesbank. This record amount represents receivables from any bank in the euro area towards him, as they appear in the European payment system TARGET, which connects all European financial institutions. If the eurozone were to collapse, the institution of Frankfurt fears of never seeing some of that money. And she considers the 17 central banks in the euro area, united in such event, unable to bear such a burden.

The president of the Bundesbank, Jens Weidmann, is to open to the President of the European Central Bank, Mario Draghi, in a letter-box was conveniently leaked this week in the German press.

Officially, Mr. Weidmann is concerned about the rules governing collateral, the collateral deposited by banks with central banks in exchange for cash. The conditions of acceptance of these collaterals have recently been relaxed, so that some loans to businesses are now eligible. The Bundesbank requires additional safeguards to protect against defects in cascade.

A preferred creditor status

Jörg Krämer, chief economist at Commerzbank, the Bundesbank is "within its rights" to these claims. He suggests several avenues, including filing with the IMF currency or gold. "Italy possesses to 134 billion euros. This would cover 70% of the charges due, "says the analyst. It also proposes to give a preferred creditor status of the Bundesbank or slow injection of liquidity into insolvent countries. But the debtor countries in the majority in the Governing Council of the ECB, Mr no fax payday loans. Krämer does not believe that the Bundesbank will get succeed. Especially as Berlin seems rather isolated, its concerns are not shared on the French side.

Behind the technical aspect, this controversy reflects, politically, a further escalation in the strife between the German financial world and the ECB in managing the debt crisis. Last year, the former chief economist of the ECB, Stark, and the former head of the Bundesbank, Axel Weber, had left their positions on substantive disagreement on the path chosen, not rigorous enough in their taste.

Precisely, the letter of the Bundesbank was published after the new operation unlimited lending to three years of the ECB, which granted Wednesday 530 billion euros to 800 banks. Side of the Bundesbank, it is estimated that this operation initiated by Mario Draghi, who has helped stabilize financial markets, carries within it the seeds of a future crisis and could dissuade governments to continue their fiscal consolidation efforts. On the defensive, the ECB now lets hear that there will be no new loan of this kind so far as the door was open for a third operation in the spring. German Chancellor Angela Merkel indicated that she was not favorable in the state. One way to rescue the head of the Bundesbank.

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Hard times for the 380. After the case of microcracks detected in the wing of the superjumbo, Airbus will he deplore a new problem, this time in the "nose" of the device? The European Aviation Safety Agency (EASA) is interested in any case the rivets of radom, that is to say the cover that protects the radar of the aircraft.

The authority may decide to issue in the coming weeks an airworthiness directive (AD) requiring the change of six rivets aluminum rivets titanium stronger. The 19 airlines that operate the world's fleet of 69 A380, eight months have to do this for an average of 3:30. Clearly, they would have time to schedule it as part of their regular maintenance schedule.

After the decision to order the Efsa a general inspection of the planes of A 380 in service and production, totaling one hundred aircraft, the image of the A380 takes another blow. However, this type of airworthiness directive is very common in aviation. All aircraft receive throughout their careers.

Two types of directives

"The FAA, U.S. aviation safety authority, has issued more than 830 airworthiness directives for Boeing B 747 in forty years," says one at Airbus headquarters in Toulouse. "For an airplane, receiving such a directive is as ordinary as to think about changing the wiper blades on your car or an oil change," says one.

The Aesa issues two types of directives: the current, AD, and urgent, called "emergency AD." In the case of microcracks, the two directives were common. The agency goes up a notch when it considers that the subject can affect flight safety. In this case, companies have little time to react, sometimes not even 24 hours.

In the case of rivets, flight safety is affected in any part, Airbus insists. The manufacturer points out that these are not structural elements. Six rivets 40 to 50 by radom "are not likely to blow up" the unit cover.

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A380

"Airbus A 380 will control the 21 affected by cracks

Just adopted and already obsolete. Wednesday afternoon voted in first reading by the House, the bill funding the Social Security (PLFSS) for 2012 will undergo significant corrections in the coming weeks. The text presented by the government was in fact built on a growth forecast of 1.75% of GDP in 2012. However, the admission of Nicolas Sarkozy, the increase in activity will be at best 1% next year. Be "a shortfall of 1.5 billion" euros compared to the current bill, said Yves Bur, the rapporteur of the social security budget. "This bill is disingenuous," said Wednesday the Socialist MP Marisol Touraine to explain the negative vote of the group. Given the measures already adopted, could fill the hole but not limited to one billion.To compensate for the 220 million that was to bring this measure, the government is considering several options: postponement of one day of payment of daily allowances, creating a fourth day of default in case of sickness, a reduction of 0, a point of the national goal of health spending (ONDAM, set the time at 2 payday loan.8%) or correction of daily allowances for stops exceeding 15 days.

The switch left the Senate finally adopted complicated "as" the social security budget. The Social Affairs Committee on Wednesday rejected a text "needy, irresponsible and unrealistic." For the communist president Annie David, this budget marks "a return to the cessation of the corporate balance" with a deficit projected at 18.2 billion in 2012.

"Il Cavaliere" did not like to see the note in his country degraded by Standard & Poor's. "The ratings of Standard & Poor's seem more driven by stories in the newspapers as the reality and they seem to have been negatively influenced by political considerations," said Silvio Berlusconi in a statement. The Italian prime minister said that the country has already approved measures to balance its budget in 2013 and Italy in adopting new ones to stimulate growth. The austerity plan of 54.2 billion euros adopted on September 14 does not seem to have convinced the rating agency which doubted the credibility of the government and the Italian president.

Without having published a press release responding directly to the attack of the Italian President, Standard & Poor's is fighting back."The sovereign ratings by S & P ratings are apolitical, based on the evolution of" credit risk, provided to investors, "says one in the U.S. rating agency.

Moody's and soon …

S & P also ensures that its assessment is based on "independent analysis and detailed economic and fiscal outlook in Italy and on assumptions about the expected evolution of the debt.""The ratings indicate how the various policy initiatives may impact on the financial reliability and to hear any suggestions on policies that a government should or should not continue," said the rating agency.

Entangled in new revelations about his private life, Silvio Berlusconi is aware that the decision of S & P is a blow to the country, as Moody's may degrade the note of Italy in October that had never been lowered since the beginning of the debt crisis.

Player Figaro BFM

The Paris Bourse finally returns to the threshold of 3000 points. On Thursday, the CAC 40 closed up on 3.27% to 3045.62 points. Other European markets follow the same path: Milan ended up 3.56%, 2.11% from London, Frankfurt and Madrid from 3.15% to 3.63%. Wall Street was also in the green fence at the time in Europe.

Investors seem reassured by the willingness of European leaders to develop concrete actions to leave the eurozone its difficulties. Among them is the establishment of an agreement in principle to toughen the Stability Pact and fiscal discipline common in the EU, which provides for sanctions for countries that would leave too lax spinning their deficits. Another reassuring element: the willingness of German and French leaders to avoid an out of Greece in the euro area and the Greek government's determination to break the budget impasse.

Brazil and Russia have also said they were considering a support action. While international solidarity is organized to support Europe, Christine Lagarde since Washington recalled the need for world leaders to "common front" to avoid falling into a global recession will spare "person."

These statements on the euro area, combined with bargain hunting, did overshadow the release of mixed U.S. indicators (including the employment front) and European (growth on less-than-expected expected in the second half).

Side values, the banking sector was further illustrated by a sharp rise. Operators have particularly appreciated the decision taken by the central banks of the richest countries to take concerted action to expand the supply of banks in dollars.BNP Paribas is the largest increase in the ACC (13.38% to 30.50 euros). It is followed by Natixis (7.12% to 2.49 euros), Axa (6.49% to 9.89 euros), Credit Agricole (5.89% to 5.52 euros) and Societe Generale ( 5.44% to 18.33 euros). The area was not affected by the announcement of the massive fraud that hit UBS.

Another day value, LVMH, which climbed 3.44% to 115.65 euros after announcing choosing Jordi Constans, come to Danone, to succeed Yves Carcelle at the head of Louis Vuitton in 2013.

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World famous for its underground parking, Vinci Park would become better known in Moscow. According to the Russian business daily Vedomosti, the group, in collaboration with its partner, the billionaire Arkadi Rotenberg, a close associate of Prime Minister Vladimir Putin has offered his services for the construction of parking in the center of the capital, and extension Moscow metro.

These two proposals, which, according to officials in Moscow, are currently before the town hall. For now, the company manages parking only international airport Sheremetyevo in the north-west of Moscow. But she wants to continue to grow in the country. "Russia is one of our objectives clearly displayed.(..) We have a desire to develop ourselves in this country where the need for parking facilities are very important, "said a spokesman for Vinci, who declined to give further details on the subject.

Demand exceeds supply

Several years ago, the giant French had already proposed to invest $ 300 million (210 million) in the construction of underground parking near subway stations and in the central arteries of the capital (Tverskaya, Lubyanka). "But officials do not have their assigned sites in places as important," the newspaper said. Same for the metro, which is of interest, "which are under state protection."

Previously, the city financed the construction of car parks and subway lines with its budget without resorting to foreign investors.But today, the ability of Russian manufacturers is not enough to complete all projects planned by the city of Moscow. Therefore Vinci "has all these opportunities" to participate in construction programs, the officials commented.

Of large projects

By five years, the mayor of the Russian capital plans to create nearly 2 million parking spaces, and has already launched tenders for the construction of seven parking spaces for a total of 1520 seats. "A place so close to cost 200,000 rubles (500 euros) and will be more beneficial if an investor takes over the construction of a network," says the director of the Department of Antimonopoly Policy of Moscow Gennady Degtev.

As for the extension of twelve subway lines, the mayor of Moscow also has gigantic projects.The plan to build 14 stations expected to open within two years and opening 75 km of new lines paydayloans. To do this, it provides 343 billion rubles (8.5 billion euros) in its budget between 2012 and 2014.

Possible support for Putin

Through collaboration with the contractor Arkadi Rotenberg, Vinci won the 2009 tender to build the first section of the highway Moscow-Saint Petersburg, whose total cost is estimated at 66.081 billion rubles ( 1.65 billion). According to a former official of the Moscow mayor, support Rotenberg, close to Putin, will once again allow the French company won the contract.

The group Vinci has extensive experience in the construction of car parks in the world.He also participated in numerous construction projects in the metro French cities (Paris, Rennes) and abroad (Budapest, Athens, Hong Kong). However, analysts said, one of the main handicaps of Vinci, the lack of experience on the Russian market. And this handicap could be considered by the Russians during the bidding process. Vedomosti also states that the manufacturer Austrian Strabag also plans to get into the race for the extension of the Moscow metro.

The construction of the highway Moscow-Saint Petersburg is controversial

In July 2009, the Russian Federal Agency Rosavtodor decided to entrust the construction of the first section of the highway Moscow-Saint Petersburg (15th to 58th km) to the North-West Concession Company (NWCC), as part of a public-private project.This company is owned 50% by the French Vinci, the remaining capital is shared between the contractor and the fund Arkadi Rotenberg "N-trans." The construction should also be done with funds from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the funds of Russian banks VEB and Sberbank. Investors in the NWCC received in exchange for the right to operate the highway for 30 years. But the construction project, which started in 2010, has generated considerable controversy among associations of environmental protection because the route of the highway, which passes through a protected forest. Work has been frozen by Russian President Dmitry Medvedev in August 2010 and were resumed in April 2011. After the withdrawal of the EBRD and the EIB, the group Vinci is the only Western participant in this project.