WORK ETHIC AND CURRENCIES.

An interesting item, noticed in the British national press this week. An American business man, Maurice Taylor, of Titan Tyres and Wheels had been approached by the French Government, with a view to saving the Goodyear plant at Amiens. Mr Taylor duly visited the factory to observe the situation. His findings don't make for good news for the French regime. The workforce are contracted to complete a 7hr. day. The study concluded that each worker did not exceed more than 3hrs work per day. Much of their routine consisted of talking to each other, along with the accepted hour for lunch. Mr. Taylor convened a meeting to thrash out some kind of deal to make the unit profitable; the Unions however, would not agree to anything without being guaranteed a job for life. Naturally this was the end of negotiations; and the factory will close down.

What appears to be mystifying is that the £sterling is weakening against the Euro. This is happening as the workplace in the United Kingdom is becoming more buoyant, therefore showing greater tax returns. On the downside, economists seem to think the continued quantitative easing is still required, and could be one of the reasons. In addition, it is possibly an orchestrated ploy to gain a bigger foothold with more exports? It is dangerous nevertheless, as fuel oil is leaping up considerably.


HOW ABOUT WORKING HARDER.