September 15, 2004
French Government Fights Outsourcing
Amid growing concerns of lost jobs, the French prime minister Jean-Pierre Raffarin has announced that they will spend more than 1 billion euros in tax incentives that they will offer to companies who do not move jobs abroad.
According to the International Herald Tribune:
Companies ranging from makers of microchips to underwear have this year announced plans to transfer activities to Asia, Eastern Europe or North Africa. Others, like the French arm of German car parts maker Robert Bosch, have used the threat of relocation to persuade workers to put in more hours for no extra pay.
Raffarin said the government would name the first areas designated as competitiveness zones in early 2005. He said the government would also soon announce tax breaks for companies that resist pressure to relocate some or all activities abroad.
Read more: France to combat outsourcing
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