Thomson: the debt restructuring approved

The Thomson group, experiencing great financial difficulties, has obtained the agreement of all its creditors to reduce its debt by nearly half, according to a statement.

After the Committee of suppliers and the Committee of the bank creditors on Monday, the Committee of the bond (bond holders of the Company) has approved almost unanimously the plan released December 9. The plan aims to transform part of the debt capital via a capital increase of 348 million euros – and bonds: the objective is to reduce it to 1.55 billion, a decrease of 45%. The debt of the company amounts to 2.84 billion euros.

But there are still some hurdles for the group. The restructuring plan must be submitted to a vote of shareholders of Thomson at the Annual General Meeting and extraordinary will be held January 27, 2010.

Thomson, which employs some 20,000 employees worldwide, intends to rename the name of one of its subsidiaries, Technicolor, and focus on services for film and television, getting rid of other activities, including its subsidiaries Grass Valley (professional video equipment) and Screenvision (advertising for the film).

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A group shaken by strategic shifts

Thales launches a broad economic plan

Thales wants to become more efficient. In a statement released Friday, the electronics group announced a savings plan that should result in a productivity gain of 1.3 billion euros over 5 years. In exchange, the news was very well received by investors. The title jumped 4.6% to 34.36 euros.

This plan consists of three parts. The first is a reduction in costs of non-quality and improved customer satisfaction. The second provides for more effective processes for engineering, industrial and procurement, while increasing the efficiency of information systems. The last aims to reduce operating costs. The statement does not indicate any reduction in workforce.

Organizational change and leadership

The organization of the group will be structured around three main areas and 7 divisions in charge instead of 6, worldwide.Management will also be affected by the changes since it provided a renewal of the team. For now, the group does not specify which leaders are concerned. According to Voices, this would be Olivier Houssin (responsible for division services and security), Quentin (aeronautics), Marc Darmon (naval) and Richard Deakin (Air Systems).

Thales has this plan to improve profitability, affected by the crisis in air traffic, the budget constraints of state and the weak dollar against the euro. In November, the group reported a stable turnover in nine months. In the first half, operating margin was 1.2% emerged as against 6.6% a year earlier at the same time.

Order Cancellation A 400M: EADS-cons attack

Nothing goes between EADS and South Africa. After the cancellation of an order for eight aircraft from Airbus military transport by South Africa, and the claim of 250 to 300 million euros donated by the South African state as an advance, EADS could jeopardize the partnership with industry in the country.

According to the Tribune on Thursday, the European aerospace and defense "seriously considering to terminate most commands already signed, worth about 400 million euros, in partnership with industry the country (including groups with Denel and Aerosud) and was related to the purchase agreement of the eight A400M.

According to business daily, EADS has also asked the missile manufacturer MBDA, in which it holds a 37.5%, to freeze talks with Denel.MBDA has been negotiating for two years with the South African group to take a 51% in the group.

The difficulties accumulate for EADS while Malaysia Airlines (MAS) announced on Thursday that Airbus had an eight-month delay in delivery of first A380 in a series of six that she had ordered. The company now take delivery of its first A380 in August instead of January 2011. Information which has been confirmed by a spokesman for Airbus. In early November, before the "cost escalation" of the order, South Africa had canceled his order. A new blow for the European group whose competitiveness is already weakened by the weak dollar, which is delayed by at least three years from its original delivery schedule.

At the Paris Bourse, EADS shares fell 2.5% Thursday. The day before the title had already declined by 3.8% and again from 2.09% Tuesday.In case the postponement to 2013 of delivery of 54 Airbus aircraft, commanded by U.S. Airways a big Airbus customer. In the process, Natixis Securities has lowered its price target to 10.50 euros against 13 euros, while remaining "ease" of value.

"Pole or private employment, it is always up to you to find your job"

"Employment center is a facility that welcomes, as it can with the means at hand, the survivors of all stripes, many expect full support." As a result of the redundancy of his company last June, CATS1 unemployed for three months, benefited from the services of a private rehabilitation."It is woven a network, we have a work room where you can come to work every day in the office, many workshops, training, a consultant who takes from you, a" job booster you back morale, encourage you, help you prepare your CV, your letters, your interviews, you "leads" to make calls to your network, make contact with companies, "describes it, holding still to clarify that "as a job center, the outplacement firm do you find no job is for you to do the job."

Also pleased with the support by the private Patrice Fromholtz, manager of DEFI-JOB and head of Forum for the job, said that "employment center is ideal for seasonal jobs, student jobs, or baby-sitting, but when a candidate moves in a sector whose business application of specific and accurate knowledge, he should go through a private structure.

According to Patrice Fromholtz, candidates followed by the private sector would be more likely to find a job quickly, in line with their profile and expectations. "Many companies, frustrated by the candidates sent by center jobs, rely on private organizations for recruitment," says he.

"A stricter monitoring in private, to justify the bill"

According to the Internet Figaro.fr, discipline and presence are evident in private bodies.However, some share their experiences mixed and disappointing results. His furtive way by a private organization, has selected HubertBoissièr monitoring certainly tighter but privately, he said, seeks to "justify himself to produce his bill at the end of the month."

"Waste of time and make you physically serving no purpose, for there HubertBoissièr thus" little or no difference "between the public and private. "[The talks] could be replaced by appointment telephone or videoconferencing giving the possibility to increase the pace," proposing it.

For Flocon001, it is a matter "of public money distributed to private cons of wind," says she, after having been at the heart of an aberration, still remain unexplained: "On my return from maternity leave I returned to the ANPE.Then I learn that I had an interview with a private company which ANPE had sent my file. The company had a beautiful relationship … Except I've never been and never received any summons. Anyway, it was the day of my birth! "She recalls.

Find all the testimony and comments on: Pole employment or private structure, what difference to you?

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