Tag: business

France Unemployment Rate Hits 10.3%, Youth Unemployment at Record High 24.9%; New Business Activity Plunges
December 6, 2012 0

France Unemployment Rate Hits 10.3%, Youth Unemployment at Record High 24.9%; New Business Activity Plunges

By News Desk

Reuters reports French jobless rate hits 10.3 pct, highest in 13 years France’s unemployment rate rose to 10.3 percent in the third quarter of 2012, its highest since the third quarter of 1999, from 10.2 percent in the previous quarter, data published by national statistics office INSEE showed on Thursday. Youth unemployment rose more markedly, with the jobless rate edging up to 24.9 percent, from 23.6 percent, among people under 25 years old

Hostess Fires 15,000 Workers in Liquidation; Twinkies Silliness From Readers
November 22, 2012 0

Hostess Fires 15,000 Workers in Liquidation; Twinkies Silliness From Readers

By News Desk

Note that the first step in liquidation will be the firing of 15,000 workers including the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores. At least a dozen readers sent emails in response to my previous two posts on Twinkies. One misguided soul from the Netherlands wrote "Your article on the bankruptcy of Hostess is so extremely biased