French banking giant Societé General to cut 1,000 jobs worldwide. Photo: Loic Venance/AFP
French companies have long had a reputation for relying heavily on unpaid interns. New figures released on Friday highlighting the staggering number of interns on the payroll at banking giant Societé General will only confirm this reputation.
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France in recession
File photo of Paris financial district La Defense. Photo: Derak Rusin/Flickr
The President of the EU commission made it clear on Wednesday what he thinks France could do to boost its economy, as new figures show the country is officially in recession. Economists told The Local, however, that it's Europe that needs to act.
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Dark days for the bank of France. Photo: Joel Saget / AFP
There was more bad news for France on the financial front on Wednesday when new figures confirmed the country had officially entered a recession with GDP contracting by 0.2 percent for the first quarter of 2013 - the second consecutive drop.
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French banking giant Societé General to cut 1,000 jobs worldwide. Photo: Loic Venance/AFP
French banking giant Société Générale revealed on Tuesday it would cut at least 1,000 jobs worldwide, in an effort to find almost €1 billion in savings by 2015. The announcement comes as the bank's first-quarter profit fell by half.
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A beach in France where many workers head during the holiday-packed month of May. Photo: Eoghan O'Lionain
The healthy number of annual public holidays in France might mean good news for French workers but it is certainly not positive for the country’s economy, with a report claiming the days off will cost €2 billion euros this year alone.
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Since it's that time of the year again to tackle your tax return, The Local gets some sound financial advice from Siddalls France, specialists in tax, inheritance, investment and pension planning for foreign professionals in France.
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Is France ready to sell off some of its stakes in semi-state giants like rail network SNCF, Air France, and energy company EDF? Photos: Andy Mitchell/Karen Bryan
France may sell some of its stakes in several large semi-state bodies such as Air France and SNCF, in order to pave the way for future investment, French Prime Minister Jean-Marc Ayrault has announced.
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The European Commission says France is set to slide into recession. File photo: Joel Saget/AFP
The economic outlook for France got even gloomier on Friday when the European Commission released its spring forecasts that predicted the country will slide into recession and the number of jobless will rise into 2014.
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Yahoo!'s bid to buy France's Dailymotion is derailed by Minister Montebourg. Photo: Justin Sullivan/Getty Images North/AFP
After the recent Titan-Goodyear rumble France's industry minister Arnaud Montebourg has got himself into another scrap over a potential US takeover of a French firm, this time over Yahoo!'s bid for Dailymotion. He was slammed on Thursday for interfering.
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File photo: OliBac/Flickr
The French government is set to consider American-style "class action" lawsuits at a cabinet meeting on Thursday. The reform is designed to give consumers “effective weapons against fraudulent companies,” and would be a first for France.
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File photo: Jacques Demarthon/AFP
An unemployed French woman who owed her local job centre almost €3,000 would have been hoping for a fair repayment schedule, but was no doubt stunned when she got the equivalent of 22,000 years to pay her debt, at 1 cent per month.
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People queue at a Pole emploi (job centre) in September 2012. Photo: Jacques Demarthon/AFP
The number of unemployed people in France has reached a record high of 3.22 million, the worst figures since 1997, according to figures released on Thursday.
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A symbolic gravestone for "the promises of change" of French President François Hollande, displayed by workers at the stricken Florange plant on April 24th. Photo: LCI/Screengrab
Workers at the stricken Arcelor-Mitall plant in Florange on Wednesday unveiled a gravestone to French President François Hollande's "broken promises," and accused him of "treason".
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Photo: Scarlet Green
The watch subsidiary of French luxury group Hermès says it has bought control of a Swiss watchmaking firm, Joseph Erard Holding, boosting its strategy in making high-end timepieces.
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French Finance Minister Pierre Moscovici. File photo: Besoin de Gauche/Flickr
France aims to raise most of the €6 billion in additional tax revenue it needs next year by closing tax loopholes, Finance Minister Pierre Moscovici said on Monday.
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