European working practices are barrier to investment
Oracle’s Ellison won’t be hiring any French staff, by the sound of things
Working practice in France is coming under fire from all directions. Speaking in London, Larry Ellison, Oracle's CEO, says that the shortened working week in France puts the country at an economic disadvantage. Ellison commented that Germany had lowered corporate tax in a bid to create jobs. With the same aim in mind, the French government shortened the working week. He noted that since Oracle can hire staff anywhere globally it was not hard to guess where he would put his people. Meanwhile, in Paris, a company boss was fined £10,000 for allowing employees to work overtime. Job inspectors in Paris snooped on the plant where hundreds of workers were working over the 39 hour maximum working week. ®
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