The French car maker Peugeot has fallen upon hard times. It recently announced that it was laying off 8,000 workers. But the new French president, Francois Hollande, is having none of it. According to the Associated Press:
He told two interviewers from the major television networks TF1 and France-2 that the "plan is not acceptable as it stands and therefore it will not be accepted."
The layoffs are unacceptable? Companies do not like to lay people off; they generally do it as a last resort to prevent something worse ... like bankruptcy. Calling layoffs unacceptable is therefore complete nonsense. It would be akin to calling chemotherapy unacceptable.
Hollande's solution?
He added that the government would soon unveil a plan for the car industry...
Good luck with that.
(AP photo)
