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The first little commented on is linked to the war in Ukraine and the role of each of the states in Europe, it concerns Russia and oil.
After Russia invaded Ukraine, scholars say Greek maritime oligarchs moved their tankers to help Russia. While others retreated, they made money. And still according to specialists, they are helping Vladimir Putin to build his ghost fleet by selling him their ships, thus helping Russia to avoid the G7 cap on oil. I have heard no reaction to date in France and at the European Commission!
Didier, you were telling us about the end of the heat engine and 2035 electric in Europe, not sure yet
I had said that the States needed a vote, and this week, clearly this hypothesis is no longer certain, with the opposition of Germany (BMWgroup, VWgroup, Opel group Stellantis and their equipment manufacturers), that of the Italy (FiatgroupeStellantis and their equipment manufacturers), or Poland and Bulgaria (subcontractors and equipment manufacturers). A file to follow, and instead of regretting a potential postponement of this decision, the subject should be to think about the whole (clean engine, clean fuels, hybrid, etc.) because in wanting radicalism in its decisions, Europe commits suicide industrially and therefore in terms of employment. We know it since the ineptitude of diesel at all costs, there is not a solution but solutions to imagine. Hydrogen, electric, hybrid, the automobile must reinvent itself, the Europeans have assets with recognized know-how, technologies, but also lag behind on electric, this file is capital for the future of our industry.
And then this edifying testimony from a seasoned investor in emerging countries
This is Mark Mobius, a pioneer of investment in emerging markets, countries in full development and where growth attracted investors. According to him, China restricts investment outflows from the country, a decision that would take place as the world’s second-largest economy tries to shake off the pressure of COVID-19 lockdowns. He said so on Fox Business Morning. “I am personally concerned because I have an account with HSBC in Shanghai. I can’t withdraw my money. The government restricts the flow of money out of the country,” said Mobius And to conclude “So I would be very, very careful to invest in China,” said the founder of Mobius Capital Partners. “It’s just amazing. They put up all kinds of barriers,” he said. “They don’t say, ‘No, you can’t take your money out,’ but they say, ‘Give us all the 20-year-old records of how you made that money,’ and so on. It’s crazy. According to him Hong Kong, on the other hand, “seems to be a bit more open,” he said. The Mobius warning came a few days before Chinese President Xi Jinping not be dubbed by his Parliament with zero yours against. “India is a place investors should consider,” he said.
Didier, the economic crisis linked to Covid and its consequences have changed perceptions of work; the originality is that the United States or the UK talk about it
What is interesting articles, studies on this subject have been published in media like the BBC or Bloomberg, so reference. And it’s new.
Of course, the pandemic has changed the situation. In the United States and Ireland, a six-month trial (source BBC) with 33 volunteer companies in 2022 showed a positive impact on company performance, productivity and employee well-being. Employees working the shortened week reported less stress and fatigue, as well as better work-life balance and higher satisfaction. In a 2022 UK trial of 70 companies, 86% of companies said the four-day week was so successful that they planned to keep it in place after the pilot ended. They cited benefits such as increased productivity and significant financial savings for employees on transportation and childcare.
So is the 4-day week for all companies?
No, if sectors such as technology, finance or services can think about it, traditional companies do not all have this capacity in terms of organization so that this new mode can be put in place, you have to find the right fit. But as you know, there is now a lot of hybrid work in the office and teleworking, which also changes the outlook. According to specialists, we can imagine days without meetings to allow employees to focus on their productivity.
According to Pedro Gomes, author of Friday is the new Saturday, and coordinator of a next portuguese government essay on the four-day work week “In practice, what we’re seeing is more and more small and medium-sized businesses are testing the four-day workweek because they’re more agile, and they usually have a CEO or founder who has a very good idea of its impact on the whole company. “Maybe less bureaucracy to deal with at this scale of business.
Didier in France, an example where the leader is satisfied to have made this choice, the Lyonnais LDLC
Laurent de la Clergerie co-founder of LDLC expert in the sale of computer and high-tech equipment, 1000 people
implemented this measure since January 25, 2021, 2 years ago, so enough hindsight to ask him how it went. According to him ” The system worked right away, that said, we are going to come back to jn point on April 1, 2023. The teleworking agreement provided in addition to the day off for 2 days of possible teleworking, we will come back to one day… The reason: with 3 days of absence per week too many people no longer see each other and the integration of new ones is very complicated which little by little tarnishes the entrepreneurial spirit » And at LDLC The model applies to several professions: logistics, office work, customer relations, retail… According to Laurent de la Clergerie “Other companies in the catering or construction industry have implemented it and are satisfied with » I asked him if he thought of going back. His answer is clear Go back, no.. but testing is possible if we define the conditions at the beginning (it takes at least 3 months of testing)
In conclusion : Although the global movement for the four-day week is accelerating, it is not yet common working practice, and undertaking such a gradual change of course requires trust between management and employees, some resist, other tests, others commit, the most interesting thing in all of this is that the 32-hour week could appear in the future as “a competitive advantage in terms of talent, attraction and retention of employees, in a few years. So a subject to watch closely by all the companies concerned
