France’s Labor Paradox

President Nicolas Sarkozy may have triumphed over the millions of protesters and strikers who opposed his effort to raise the retirement age in France by two years. But his law to keep people working longer and paying into the pension system longer won’t succeed unless he persuades French bosses to play along; they have a nasty habit of dumping employees older than 50.

Share

JAL cuts routes in bid to draw funds

Japan Airlines is to cut 6,800 jobs, slash its network of overseas routes and withdraw from some airports as it seeks to attract the funding it needs to repair its balance sheet. Haruka Nishimatsu, JAL’s president, also said that the company aims to agree on a capital injection from a foreign rival by mid-October

Share