Ex-Thomson, Technicolor now, trying to straighten up and definitely wants to turn the page.After the creditors and shareholders have approved the restructuring plan to reduce debt by 2.8 billion euros to 1.55 billion euros, Technicolor announced Tuesday in a statement he signed a partnership with 'American Warner Bros., to duplicate and distribute DVDs and Blu-Ray.
The French group said that this contract will generate significant revenues from the third quarter of 2010.
"Associating their expertise in creating entertainment and key technologies associated with the unique experience of Technicolor innovation technology offers many opportunities for both parties," said the president of Technicolor, Frederick Rose.
Weakened by serious financial difficulties, Technicolor has decided to relaunch by signing a strategic partnership with the world leader in terms of volumes of physical media (DVD and Blu-ray combined).
The moral of households deteriorated slightly in December, the index dropping one point to -31, according to figures released Tuesday by the INSEE. "Although significant increase from its historically low level of late 2007, the indicator remains well below its average level over the last fifteen years," notes the INSEE.
More to come …
Sequences "emotion" and "crop" this Friday at the close of the 49th congress of the CGT in Nantes. Bernard Thibault, exhausted by a week of sometimes heated debates and visibly excited to have been renewed for the fourth time at the head of the CGT, first paid tribute to "six comrades" who leave the executive confederal "after rendered such services. " Among them, two leading figures of this decade: Maryse Dumas, his right arm on employment issues, and Jean-Christophe Le Duigou, the "Mr. Economy and Pensions" of the plant.
Bernard Thibault, who had gathered yesterday on behalf of 88.4% of the votes for the election of the Executive Committee, then cropped activists who have criticized his lack of involvement on the ground and its rapprochement with the CFDT. Particularly highlighting the vote by 77.5% of the delegates of the progress report of the past three years."It's a very honorable to score a direction supposedly cut off from its base," he joked, saying in passing that Nicolas Sarkozy would like to receive the same level of approval of French policy that led to the Elysee.
And the secretary general of the CGT then push the nail against those who disrupted the debate sometimes during the week and gave a divided image of the plant. "It can not be the CGT opposition and majority, he hammered the applause of the audience. There is no line of management, because management implements the guidelines validated by the Congress. "And this is not the great majority of the 1 000 delegates of the 49th Congress which contradict the resolutions of the document guidance for the next three years that received between 73 and 86% of the votes.The CGT knows where it goes, he still drummed, while specifying that the central union will not "attractive if it gives the image that his first battle is internal.
"The Internationale" raised fist
Wishing a CGT "closer, more united and effective," Bernard Thibault has drawn the roadmap for the coming months. "Our priority is the transformation of society," he said. Its power plant will therefore go on retreats launched by Nicolas Sarkozy. "The future of pensions will be the marker for the determination of employee resistance", he warned the head of state. The CGT also ensure that employers does not set wages and employment."The increase in salaries is the key to ending the crisis," he said.
The leader of the CGT has finally made an appointment to his "comrades" for two mobilizations to come: a euromanifestation March 24 to get a boost in employment at European level and a national campaign to defend public services in stride. And said, for those who doubt that the CGT would not wait the end of March "for organiserd'autres appointments and inter-national".
The message is clear: the CGT has not changed, it is always with those who struggle.And the Internationale, sung to finish his fist raised by the Secretary General and the thousands of delegates – admittedly preceded La Marseillaise but sung with more gusto – aimed to demonstrate.
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"Chérèque private congress of the CGT
The union elections were held this Thursday at France Telecom. Nearly 80 000 people (the French employees, including subsidiaries owned more than 50%) were required to nominate their three representatives on the board of directors comprises 15 members. In the last election, in November 2004, the CGT and SUD had obtained a seat each for non-executives, the CFDT and the seat frames.
The final election results were not known late Thursday afternoon. In all likelihood, they should respect the overall balance of trade unions: CGT is the first organization in France Telecom (25.94%), followed by South (22.29%), CFDT (21.95%), FP (12, 25%), the CFE-CGC/Unsa (9.79%) and CFTC (6.77%).The CGT is really far ahead, the goal of SUD is mainly to maintain ", noted Thursday afternoon Philippe Meric, SOUTH delegate.
In the current situation of the company, which has faced a series of 25 suicides in two years, these elections are of particular value. They should measure whether employees understand the strategy of "hard" of SUD and CFE-CGC, who slammed the door to negotiations with management. Or if they approve the choice of other unions, CGT head, negotiating and feel they have already achieved progress.
Last Tuesday, at the plenary meeting between management and unions on five major projects launched in the business, SOUTH decided to withdraw holding that "where a lack of loyalty and transparency."The CFE-CGC had already left the talks last week.
'Lack of decency'
"The SGC during this crisis has tried to be responsible. This led us to achieve progress already, "observes Christian Mattorel, union delegate, reaffirming its priority" of trade union unity and defense employees. "The negotiation is open, it must be given every chance to build for years to come, says Xavier Major, CFDT delegate. Some are more often on television at the negotiating table.Sometimes there is a dramatic recovery situations that we know that lack of decency! We'll see if others give a bonus to some hyper. I t will be interesting to see what managers think, which are often found between the hammer and the anvil. "
To SOUTH, however, it is not certain that employees make the connection between these elections and the current crisis. "These elections are a little moon for employees is a bit far from their concerns," observes Philip Méric.Ce not like the election of staff representatives, with whom they interact every day. "
"Lombard," We shall emerge from the crisis together '
Professional athletes are red since the start of the week as MPs discuss several amendments concerning "the name of tax fairness." What professional athletes are they privileged taxpayers? Amendments, including those worn by Yves Bur UMP deputies and Marc Le Fur, aim to change both devices. First, the option income tax benefit of (or "sprawl"). Clearly, professional athletes can smooth their income, that is to say, to average their income over three to five years. Finally, they can in this way, deduct one third of taxable income. Tuesday in the state budget, MPs have decided to book only to fans that tax advantage.
Second advantage, that permitting the exemption of social contributions and employers under the "collective image rights" (DIC).1237 athletes have benefited from this advantage in 2007. It is already anticipated that the scheme ends in June 30, 2012, but a new amendment proposes that échénace intervene earlier, specifically on 1 January 2010. "More than athletes, they are also clubs that take advantage of this benefit as part of the remuneration of the sport is exempt from payroll taxes and employer. This allows clubs to keep some French players, potentially leaving for abroad without it, "shade Christophe Breton, specializing in asset management for top athletes. So the club is saving costs and not the athlete directly. The shortfall for the state would be 30 million per year.Adopted almost unanimously with a vote in the Committee on Social Affairs, the UMP amendment must still be voted on in public session next week.
A Mercato costly for state
A third device was questioned in the draft law of 22 July, the favorable tax treatment to impatriation enjoyed by all occupational categories and not just professional athletes. The scheme originally thought to prevent brain drain to foreign countries (emigration of French researchers in the United States and leaders in England for example) is also used by professional athletes as part of their transfers when they leave foreign clubs.This attractive scheme allows beneficiaries to receive an allowance for a limited period of 5 years provided only they were not fiscally domiciled in France during the five years before taking office. "The advantage is in particular the exemption of additional compensation related to the return to France," said Mr. Lefevre Péaron (Morgan Lewis). Some MPs intend to exclude professional sports scheme. Figures to support the member of the Cotes d'Armor explains that the four transfers most important championship of France Ligue 1 football had "cost" to the State under impatriation nearly 1.5 million euros in the Mercato 2008-2009.
"Undermine the entire economy of clubs"
For many asset managers, reform the tax and social benefits, especially the DIC, will undermine the attractiveness of the French market. For Schatzl Frederick, president of Elite Heritage, this amendment is a mistake of a economic standpoint. The wealthy athletes will go to other countries more attractive: they will come in France, so they do not consume more and pay more taxes. "Even the sound of bells from the middle of sport ensures that the state will lose. According to the Professional Football League (LFP), professional football will yield 600 million euros in social charges and fiscal 2009. "These samples sitting on the payroll of players will decrease if teams are forced to revise downwards earnings to offset the effect of the measures announced.These ultimately will cost more money than they relate and will not be profitable for the state, "says the president of the LFP, Frederic Thiriez.Tout as the French Football Federation (FFF) National Union of Professional Footballers Thursday expressed its concern. Sylvain Kastendeutch, co-president of the UNFP, denounces an attempt to bring down the overall economy of football. "The reform is presented as a way to reap benefits in a few stars. Not true, it is a bad blow to football because it will weaken the entire economy of the clubs, "he warns. By Tuesday, the day of voting in the plenary of the amendment on the abolition of the exemption under the "right to collective image, the sport community intends to defend his vote.
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