Categories: EmploymentEurope

“Boss-Napping”: 21st Century French Business Negotiation

“Boss-Napping”: 21st Century French Business Negotiation (GMANews)

If you thought France would be the last place in the world where you’d find workers physically revolting to protest job conditions, then get in line behind me. But that’s exactly what’s going on at a Paris Goodyear store where workers piled farm tires in front of doorways and trapped business executives in a conference room so they’d have to listen to the workers’ demand for compensation in lieu of their jobs ending. This form of “boss-napping” had largely disappeared from France after the country’s economic crisis of 2009, but it appears that French unions are becoming more desperate as jobs disappear. And this latest incident of taking business hostages to force a ransom is tough to see as anything other than criminal.  In fact, “boss-napping” had become so commonplace in parts of France that laws were enacted to ensure the “napped” bosses were released unharmed.  But even if Goodyear gives in, and the hostages release their captives, don’t suddenly begin looking to France as an investment target, as deep French labor issues still grip the country, making it even harder for the nation to emerge from its recession.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

Recent Posts

Sample Weekday Wrap/Closing Comments

This content is for paid subscribers only. To gain access subscribe to one of our…

2 months ago

Soft Landing Premise Still Driving Bullish Narrative

It is hard to find a seasoned investor who doesn’t believe the stock market is…

6 months ago

Are You Prepared for the Next Market Collapse?

No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…

1 year ago

Options Industry Council (OIC) – What is It?

The Options Industry Council is a resource used to educate investors about the benefits and…

1 year ago

Put-Call Parity – Defined and Simplified

The put-call parity is the relationship that exists between put and call prices of the…

1 year ago

Three Cheers for the Magnificent Seven

“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…

1 year ago