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Mar
27
2009

France’s novel approach to the wage bargain: ‘boss-napping’

In the face of increasingly uncertain economic times, the latest trend in France is for workers unhappy with their company’s position on labour to boss-nap,. Boss-napping entails workers disappointed with redundancies or payouts taking their bosses hostage as a bargaining tool! Recent kidnappings have involved 3M France’s industrial director and Sony France’s CEO and HR director.

Unfortunately it seems that the tactic is working, with 3M France’s industrial director being released after signing a deal which offered more favourable treatment for the 110 employees who faced losing their jobs. I’m not sure of the validity of such a contract made under duress over there – I doubt it would stand up here – but hey, they do things differently in France.

About the author

goonix

Goonix is an economist working in industry. His classic liberal views means that he is typically the most skeptical of the TVHE authors when it comes to government intervention in a market.

Permanent link to this article: http://www.tvhe.co.nz/2009/03/27/frances-novel-approach-to-the-wage-bargain-boss-napping/

2 comments

2 pings

  1. Paul Walker says:

    “3M France’s industrial director being released after signing a deal which offered more favourable treatment for the 110 employees who faced losing their jobs.”

    But would the courts enforce such a deal? I hope not.

  2. Matt Nolan says:

    @Paul Walker

    Hey, they are just strengthening their bargaining position – it is all about trying to get the largest proportion of the ex-post surplus isn’t it? Surely, there isn’t any role for capital investment in France anymore :P

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