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- Cote d'Ivoire (Ivory Coast)
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A solution for the workers
This is the second attempt M. Sarkozy is trying to save big hiring companies from going out of business. SeaFrance has gone bankrupt and a Tefal factory will be putting out of work about 500 more very soon in a remote area of France.
The proposition that is coming all the time in order to save the situation is the participation to the company capital as it's going bankrupt; of course, who wants to bare the risk in a moment when banks gives no more credit to the failing companies.
So the idea is that in order to make everyone accountable for a company's success and perenity, Government may see a way to impose to company they have help built and save from bankrupcy to open their capital to their workers up to 30%. The deal can be put in formula that includes the reduction of the salaries relatively to the gain the shares will be providing to their income.
In that way, the workers will be sharing the success of the companies, they will never oppose a decision to cut in expenditures, the company will gain in competitiveness as the cost of production will decrease. It will be more difficult for managers to sell off a company who is still profitable, even if the profit level does not feet the thirst of capitalist tycoons.
The mesure can be a job saving system for the whole occidental countries experiencing job crises and debt crises.
I am not a specialist, this is just an idea to explore...