French state ready to boost EADS capital; unions prepare massive strike
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The French state said Monday it was ready to boost the capital in EADS, the parent group of Airbus, as French unions prepared a massive strike over planned cutbacks at the troubled planemaker.
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France braces for three days of strikes expected to cause massive disruption in the public sector.
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France's conservative government is vowing not to buckle under pressure from the worst strikes for two years, but a tough battle is brewing after a week of protests which have strengthened the unions' resolve.
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French government negotiators were in talks late Sunday with the two main private shareholders of EADS seeking to complete a deal on simplifying the companyâs management structure.
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France's president is heading for a showdown with European finance ministers over the French economy.
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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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Troubled European aircraft manufacturer Airbus is to lift the veil Tuesday on a long-awaited restructuring plan that has already unsettled labor leaders and politicians in France and Germany.
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More travel chaos is expected at France's main airports as a strike by Air France workers continues.
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Rail workers join France's rolling campaign of strikes in the public sector, with massive disruptions expected.
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Airbus parent EADS has pledged to consult workers before selling plants or cutting jobs as part of a plan to rescue the planemaker, the works council at EADS said on Friday.Comment
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France hopes to be able to  announce an agreement about a simplified management structure  for European defense group EADS at a summit meeting on Monday,  but Germany is in no hurry to strike a deal.
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French President Jacques Chirac's trip this week to Beijing will bring into sharp focus the battle between the world's biggest aircraft makers, Europe's Airbus and Boeing of the United States, for the prized ...
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Paris' subways slowed to a halt and rail lines were disrupted Thursday during a massive strike in France that was expected to give President Nicolas Sarkozy his first real test after five months in office.Unions are protesting Sarkozy's plan to trim special retirement packages for some workers, part of his pledges to cut back on costly public services. The strikes began late Wednesday and were to last through Thursday.The first mass-scale problems for travelers and commuters were expected at Thursday morning rush hour. Paris transport authority RATP said traffic would be 'virtually nil' on most of its lines. The national rail network said it would be 'nearly paralyzed.' Read more
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European leaders are concerned over job cuts German and French leaders are in talks to address how an overhaul of Airbus will affect their respective countries and try to resolve their differences.Comment
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French ministers are Tuesday to unveil a blueprint for tackling unemployment and discrimination in hundreds of low-income, high-immigrant suburbs that exploded into rioting in 2005.
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French President Nicolas Sarkozy said Saturday that aerospace group EADS would take centre stage at July 16&#39;s Franco-German summit at Airbus headquarters in Toulouse.
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Airbus parent EADS  has pledged to consult workers before selling plants or cutting jobs as part of a plan to rescue the planemaker, the works council at EADS said on Friday.