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Titan CEO Crushes Socialist "Work Ethic", Tells France "You Can Keep Your So-Called Workers"
Update: FRANCE'S MONTEBOURG TELLS TAYLOR REMARKS `IGNORANT, INSULTING' - And now we know Taylor was spot on.
The French industry minister is not amused. The CEO of US tire-maker Titan International has explained to the French unions (who think he belongs in an asylum) why his company is not interested in any deal - noting "you can keep your so-called workers," adding that he would have to be stupid to take over a factory whose staff only put in three hours work a day. Maurice 'Grizz' Taylor went 'postal' at the suggestion his company invest in France: "Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs." His truth-filled reality letter concluded: How stupid do you think we are? Titan is the one with the money and the talent to produce tires. What does the crazy union have? It has the French government." The flustered Frenchman refrained from immediate reply but gallicly noted, "Don’t worry, there will be a response; it's better written down." Indeed, just as long as its not the labor minister.
The CEO of a U.S. tire maker has delivered a crushing summary of how some outsiders view France’s work ethic in a letter saying he would have to be stupid to take over a factory whose staff only put in three hours work a day.
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“The French workforce gets paid high wages but works only three hours. They get one hour for breaks and lunch, talk for three and work for three,” Taylor wrote on Feb. 8 in the letter in English to the minister, Arnaud Montebourg.
“I told this to the French union workers to their faces. They told me that’s the French way!” Taylor added in the letter, which was posted by business daily Les Echos on its website and which the ministry confirmed was genuine.
“Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs,” he said. “You can keep the so-called workers.”
Socialist President Francois Hollande might take some comfort in Taylor’s view of his own country’s business policies: “The U.S. government is not much better than the French,” he said, referring to a dispute over Chinese exports.
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The minister refrained from an immediate reply: “”Don’t worry, there will be a response,” Montebourg told reporters on Wednesday after meeting Hollande. “It’s better written down.”
Union leaders were less cautious. CGT official Mickael Wamen said Taylor belonged more “in an asylum” than the boardroom of a multinational company.
Taylor’s comments are the latest blow to France’s image after verbal attacks last year by Montebourg on firms seeking to shut ailing industrial sites prompted international mockery.
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Talks with Titan over a possible purchase of the plant’s farm tire section fell through last September after a failure to reach a deal with the CGT union on voluntary redundancies.
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His letter to Montebourg accuses the French government of “doing nothing” in the face of Chinese competition.
“Sir, your letter states that you want Titan to start a discussion. How stupid do you think we are?” he wrote. “Titan is the one with the money and the talent to produce tires. What does the crazy union have? It has the French government.”
And for purity's sake, here is the full letter itself (highlights ours):
February 8, 2013
Mr. Arnaud Montebourg
Ministere Du Redressement
Productif
139 rue de Bercy
Teledoc 136
75572 Paris cedes 12
Dear Mr. Montebourg:
I have just returned to the United States from Australia where I have been for the past few weeks on business; therefore, my apologies for not answering your letter dated 31 January 2013.
I appreciate your thinking that your Ministry is protecting industrial activities and jobs in France. I and Titan have a 40-year history of buying closed factories and companies, losing millions of dollars and turning them around to create a good business, paying good wages. Goodyear tried for over four years to save part of the Amiens jobs that are some of the highest paid, but the French unions and French government did nothing but talk.
I have visited that factory a couple of times. The French workforce gets paid high wages but works only three hours. They get one hour for breaks and lunch, talk for three and work for three. I told this to the French union workers to their faces. They told me that's the French way!
You are a politician so you don't want to rock the boat. The Chinese are shipping tires into France — really all over Europe — and yet you do nothing. The Chinese government subsidizes all the tire companies. In five years, Michelin won't be able to produce tires in France. France will lose its industrial business because its government is more government.
Sir, your letter states that you want Titan to start a discussion. How stupid do you think we are? Titan is the one with the money and the talent to produce tires. What does the crazy union have? It has the French government. The French farmer wants cheap tires. He does not care if the tires are from China or India and these governments are subsidizing them. Your government doesn't care either: "We're French!"
The U.S. government is not much better than the French. Titan had to pay millions to Washington lawyers to sue the Chinese tire companies because of their subsidizing. Titan won. The government collects the duties. We don't get the duties, the government does.
Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs. You can keep the so-called workers. Titan has no interest in the Amien North factory.
Best regards,
Maurice M. Taylor, Jr
Chairman and CEO
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"The US is not much better?" I might say worse. My cousin worked ata knock off plant in Michigan making GM parts. I call it a knock off plant but what they did was make parts for GM that the unions didn't provide enuff of. If GM needed X number of parts but the Union contract was for less the parts had to come form somewhere and that is where my cousin came in. They would provide the extra allotment of parts for a fraction of the cost that the Union workers supplied. Make matters worse, on occasion my cousin would have to make a trip to the union plant for a delivery and he would see that the workers were already done with their quotas for the day 1 hour after they started and the rest of the day was spent reading newspapers. These are the same workers that were making the same parts that my cousin was making. At least the French are getting 3 hours of work out of the Unions instead of only one.
"After spending weeks looking at the city's books, the independent review team released a report Tuesday saying Detroit's deficit could have reached $900 million last fiscal year had it not borrowed enormous amounts of money. The city's long-term liabilities, including underfunded pensions, are more than $14 billion."
http://news.yahoo.com/detroits-financial-crisis-now-governors-hands-0802...
Bankruptcy, bitchez!
All other things being equal, how can France or the USA compete with such a low wage country as China?
I am not trying to defend either the unions or the government as they have a lot to answer for in worsening their plight.
Some years ago my late father and I were walking through a major hardware store where virtually everything was made in China. He shook his head and said, "one day everything will be so cheap and yet we will not be able to afford them."
I asked what he meant and he replied, "if we keep losing our factories and put people out of work, the cheapest of prices will still be too expensive for someone out of work".
The multinationals can only benefit from labour arbitrage for only so long.
"We" do not want to compete...
We pushed for opening the borders in 1992 (or 3)
We needed the unsustainable profits made by moving production overthere.
We needed cheap products to buy with ourt debt based consumption scheme.
We needed especially the cheap CE devices to keep the people quiet.
We needed foremost to hide the failing state of ours economic models, we should be thanksfull to China, their poor workers taken from their rural areas to this industrial madness, with insane working conditions, far from their family, with no rights, have successfully hidden the state of our affairs for mostly 20 years.
In the process they made our riches the richest riches in mankind History.
One can only achieves that much even if one is compromised of actually a billion souls (and more)...
Ungratefull bunch :(
your dad was a wise man. any price level is too expensive for an unemployed person.
Funny he complains about high wages for those working low hours yet his comment about buying the Chinese or Indian company and paying less than a Euro an hour supports slave labour. So it is bad if people work less and make a good salary but good if people work a lot and get paid nothing....and some wonder why the majority hate CEOs and corporations in general. Not even like this savings in labour costs will find its way to the consumers so nobody can argue that....it's pure profit for the shareholders and company and guys like this getting their multi millions on the backs of borderline slaves so why would anyone want to support that?
I am not saying I support the France method or that I disagee with this guy there, especially since I hate unions. I also understand his job is to make the company as much money as possible and this is standard practice for msot major corps but come on...anyone who has a problem with overpaying for work should have a problem with slave labour as well. I don't want to hear crap about how "that's capitalism" or that the workers have a choice because they really don't in countries like that where every multi billion dollar corp located in the U.S is allowed to set up factories with slave labour wages and these people are basically forced to pick between crap job one or crap job two just to have even a small amount to buy some food to survive. One could argue that shows a sort of process of "natural selection" or that there are too many people (I think the world is over populated) which is fine but would those same people be fine if I said I wanted to go and eliminate everyone around me who I deem to be useless or of too low intelligence for my standards which by the way would be in the tens or hundreds of millions? After all if they can't defend themselves and allow me to kill them then it is simply "natural selection" at work, correct?
I admire this man's honesty! What I really hate is how everyone dances around the reality of the world economy in the year 2013 and pretends that somehow the world is a different place than it REALLY is.
This CEO spoke the truth, a truth that everyone should know. The global competition for jobs is wide open. No Frenchman can sit on his ass in his tire factory like it is 1948 and belong to a union that raises his pay and benefits well above the wealth value that worker creates. If this CEO must pay a Frog more in pay and benefits than the 3 hours of work a day that Frog does can create, then shutter the fucking place and go get a Chinaman or Indian. He will come to work, keep his mouth shut, work for a fraction of a Frog's pay, never have anything to do with a job killing union and he will be grateful to work hard for his pay.
Now if a Frenchman thinks he can compete with this in a global market place then the Frog is mental. When they have NO jobs, they will wish they got off of their dead asses and gave their boss a days work. Where do Western Workers get the idea the world owes them a good paying job? No Chinaman thinks he is owed anything, all they want is work. No health care benefit, no vacation, no sick days, no pensions. These are the workers corporations should seek out. Value workers and corporate profits will soar and more jobs will be created. The future is China and India. The overpaid lazy whiteman in Europe and America is a useless burden to the business community. Anyways, in Europe and America more and more of the workers are working for government anyways. High pay, low expectations, flexible hours, full medical and dental, long vactions, why would anyone get a private sector job anyways. Work for sugar daddy government. Let the Chinaman do the real work!
[note: some sarc, some serious] [I leave to the reader to decide which is which!]
Last year in India, at a Suzuki JV car plant just outside of Delhi, the workers had a dispute with management and took it to the office. The workers broke the legs of one manager, then lit his office on fire and cooked him alive.
You a fan of tandoor, Mr. Taylor?
I get it about the work ethic, but that "we'll pay a chinese worker less than one euro per hour" is exactly the mentality that is destroying the middle class in the U.S. and making the .0001% richer than God. I ain't cheering for that prick. Mr Titan would be operating in China or India even if the French were ass-busting workers that wanted to work 16-hour days. Fuck him, and fuck all the U.S. corporations who do that shit. If a company can't make a profit in their home nation by employing their fellow country-folks, then they should be indicted for treason and exiled to the third world shithole of their choice. They're like marginal professional athletes who leave the U.S. so they can be superstars in an inferior market rather than compete in the big leagues. If your profits depend on dirt-cheap labor abroad, then you're not a "businessman", you're a fucking bottom feeder.
I hate to break this to you, but that "noble hard worker" horse shit is just big business propaganda to make you think that it's admirable to slave your life away making someone else rich.
actually, there is a solution to that. It is market acess fee (tax) rebated for taxes paid by domestically employed labor. If it sounds like protectionism, it is because this is protectionism. Comments of this CEO expose the fallacy of globalization at the present day. True globalization means today that US converts to chinese standards of living. This man probably thinks he would like that, because he will be the one living at the top of the hill, behind tall wall, guarded by private security, travelling by private jet not to get mixed up with the plebs. What he does not understand is that he is actually fomenting a revolution.
Lecture édifiante (ou alors édi-fiente), vous n'entravez vraiment rien à ce beau pays de France pour beaucoup d'entre vous !
Et à part cela, comment cela se passe-t-il chez vous ?
And Chez vous ? :
http://www.goldcoast.com.au/article/2012/12/01/442879_gold-coast-titans....
Yeah... right
in the tire industry they call them deflated not depressed.
‘A World Health Organisation (WHO) report published in the US last week (2011) signalled French people as the most likely to suffer from a “major depressive episode” in their lifetimes, provoking sensational headlines among the more neurotically-inclined members of the Gallic press.’
http://www.france24.com/en/20110802-france-world-most-depressed-nation-who-study-research-headlines-antidepressants
Letter from Johnny Titan ... and me!
(Ahem ...)
I appreciate your thinking that your Ministry is protecting industrial activities and jobs in France. I and (my wife, Mrs.) Titan have a 40-year history of buying closed factories and companies, losing millions of dollars ... OUCH!
How I've been able to stay in business has been a mystery to both of us!
I have visited that factory a couple of times. The French workforce gets paid high wages but works only three hours. They get one hour for breaks and lunch, talk for three and work for three. I told this to the French union workers to their faces. They told me that's the French way!
Viva la France!
You are a politician so you don't want to rock the boat. The Chinese are shipping tires into France — really all over Europe — and yet you do nothing. With you French its nothing but three-way sex. Why can't you people spend more time doing three-way-sex, less time talking about it?
Sir, your letter states that you want Titan to start a discussion. Which Titan? How stupid do you think we are? Mrs. Titan is the one with the money and I have the talent to produce tires. What does the crazy union have? It has the French bread and the wine courtesy of the government. The French farmer wants cheap tires. He does not care if the tires are from China or India and these governments are subsidizing them. Your government doesn't care either: "We're French!"
No excuse, the government must provide more wine and bread and fewer tires! Sacre Bleu! Us Titans have came to France for this? Outrageous!
The U.S. government is not much better than the French. Titan had to pay millions to Washington lawyers to sue the Chinese tire companies because of their subsidizing wine and cheese production in France. Mrs Titan won because she doesn't like Chinese wine. The government collects the duties. We don't get the duties, the government does but we get the wine but we don't like the wine and we never did we liked the cheese but not all the time and not with the Chinese bread and never with canned spinach.
Chinese bread and wine is like Russian pizza or American vodka.
Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs, France will ship all the wine, cheese and bread the Titans need and America will ship canned spinach.
It will serve you all right!
Take that you lazy french bastards.
This is like a scene from Atlas Shrugged 2 - only this is not bad movie making, it's the real deal.
Better look up some statistics (FT.com did. I know: they are communists, too). GDP per hour: France: 57.7$; Germany:55.8$. Average hours worked per year: France: 1476; Germany: 1406 (source: OECD, http://stats.oecd.org/Index.aspx?DatasetCode=LEVEL)
just cause they shopw up...doesn't mean that they are working / producing....ya stoopid fuck.
"Titan is going to buy a Chinese tire company or an Indian one, pay less than one Euro per hour wage and ship all the tires France needs." And whom is going to be able to pay for those tires when we all are making less than one Euro per hour? Anyone remember why The Company had to leave the US manufacturing base so "they could remain competitive"?
CEOs are assholes. They don't mind when they need to borrow the socialist armies to invade the socialist countries they want to exploit at the expense of socialist lives.
Or we could all just say fuck the Chinks for destroying America's economy with their cheap goods and fuck the CEO's (Waltons, this guy, GE, Chrysler, GM, Apple, IBM) for selling out their own country for a dollar and becoming front men for Chinese industry. Walmart is not an American company, its a Chinese company with an American front
Yup. No single company has done more the past 30 years to destroy the American economy than WalMart. My favorite though is all of the despicable labor practices they employ which have included rampant sexism and racism in hiring practices, violation of mandatory overtime laws, dumping workers on public Medicaid rolls, etc. Just a dispicable company that sells absolute garbage. I have no idea why in their right mind people I know continue to buy things there that they cook out of or tools they use to build things which could insure themselves for starters.
Titans idea of competition is to spend millions on their lobbyists
To get Tarrifs placed on the competition from China. I cannot see that there is much difference between lobbyists for corps and unions for workers. Both are just chasing a better deal.
Mister TIRES soon to be made in China expected to have the French work like chinese ? hahaha, trop drôle ! He'd rather have china work for a buck than have his own compatriotes work to earn a decent living..where does this dude come from, jupiter?
As long as there are Chinese and Indian slaves, why would corporations employ non-slaves?
And with governments and politicians sponging off the corporations and the slave labor, why would politicians do anything about slavery?
This goes way beyond socialist/capitalist arguments; it is international debt serfdom, the indentured servitude, of both the slaves in the East and the "non-slaves" in the West.
Maurice M. Taylor, Jr. you're my freaking HERO! I bet your folks are proud of you ... standing up to those Marxists, Socialists, and Communists.
Dude, I salute you! If only the pussies in the states had your kind of huevos. (Well Steve Wynn does, and he's a good Capitalist).
Fuck off ya lazy frogs. My "recession job", which chokes on a bag of dicks like you Anton McFrenchy, gets me for 65 hours a week, 52 weeks a year. That's 8.5 hours a day, 7 days a week, bitchezzz, not counting commuting. How you like 'dem escargot?
this article is the quintessence of ZH stupidity and propagation of US hubris :
I do not deny the french hubris of our current government but I do challenge the point of view of the CEO of TITAN and his incredible hubris in saying what he said: I am a US entrepreneur. I love selling "buy US" in my OWN country; but I tell these FUCKTARDS french to buy global, 'cos if you don't want to buy Goodyear or Titan just note : we can produce in surrogate Chindia for 1 USD /Hr... and fuck you assholes to hell!
(He forgets by this same reasoning of GLOBAL oligarch, he FUCKS his own country, where the wage rates of US sheeple is similar; which makes his BUY AMERICA razmaztaz a lot of BALONEY. He is a perfect shill of "saying one thing and doing the contrary" and ZH exploits this slanted logic to do some Euro bashing on the cheap.)
OK; you are right France has its head up its ass; but so does the USA and most assuredly companies like TITAN; a neo con CEO who will get his butt kicked to hell in what will ensue...you can't pour oil on Chindia slave labour without consequence...
And TD/ZH buys this line of argument without analysing the underlying implications to world production patterns; all based on OLIGARCHY HUBRIS and people bashing.
(Not saying the french CGT union is not the most rancid type of elitist corpofascist union oligarchy like its capitalist opposites).
There are limits to people bashing. And libertarian logic leads ZH/TD to show that good analysis in US environment does not make them good analysts in world environment.
Far from it..
C'mon falak, lighten up...
Hollande can fix this.
"From now on, the only tires that can be burned on Peugots in the banelieus must be Michlins".
Double WIN for the Unions.
The Arabs don't care. They don't get those union jobs anyway.
They get the temporary clean up jobs.
WIN for the Arabs.
See? Everybody's happy now, even Paul Krugman.
American ingenuity saves the day.
lol, keep shoveling ...
Arnaud Montebourg is our Newt Gingrich on the left....all hot air. We all have our DNA defects from the past!
Marine le Pen is our tea party and Arnaud our coffee dregs.
I'll stick to chardonnay!
I don't even need tires yet, but after reading that ... I'm getting new TITAN tires for every car I own! Finally - someone with some balls!
Welcome to the artificially induced business cycle.
The US rode the boom of the post war 'last man standing' manufacturing cycle and continued the ride of rising productivity of the computer revolution.
Unfortunately the rising tide that lifted all boats was prolonged by cheap credit and the advantage of the export of inflation that the petrodollar afforded.
Global manufature has replaced domestic jobs which were not missed when everyone was living high on consumer credit and the workforce had an expanding market.
This is no longer the case.
Lesson: Cheap credit ain't cheap. The cost shows up much later when it stops.
Mr. Titan can laugh at the French. They deserve it. But he won't be laughing when Obama slaps a tariff on his Indian made tires.
Currency War= Trade War = Shooting War.
Grab some popcorn cause the fireworks are about to begin.
Thanks to Globalization, everybody can enjoy the show locally sooner or later.
Better to have a job then no job. Western economies simply can't compete. Eastern economies can with the exception of Japan, because they believe that printing money and spending money is wealty are getting "wealthier", because they are more competitive. Unions don't care about productivity, they only care about money. If someone else wants to the do the same job, being more productive for the cheaper price, well, tough apples. It's the economy that gets those jobs that benefit. Those economies that have savings, invest, and compete. Western world, Japan lost it's edge, and it's in decline. US been in decline since the 90s, arguably since the 70's.
You have to love CEOs of global firms that are Western-based shaking down Western Gov'ts to get all kinds of goodies or they will move their jobs to the developing world. All they care about are hitting quarterly and annual earnings targets so they can get their fat bonus since there likely tenure is going to be 4-5 years max and in some industries less.
In the case of a US-tire plant, that would likely be Mexico but also possibly Brazil. China is a favorite because environmental laws are a joke, there are huge wage/benefit arbitage opportunties, worker safety is a joke and they are largey expendable corpses, and anyone stupid enough to try to start a non-sanctionized union in most cases will end up in a Chinese hell-hole somewhere in Central and Western China. The only problem is a Western-firm has to partner with a domestic-Chinese firm who will inevitably try to steal their technology outright or reverse engineer either the technology or the manufacturing process.
Chinese are getting wealthier. That is not a untrue premise. Chinese don't go from one job to worse jobs from influx of foreign capital. Same thing happened in the 1800s in the US which is the largest economic explosion in world history. If you can't fundamentally understand economic growth, then of course you have theories based on dividing the wealth. Heh. Economic growth comes from purchasing power. China 20 years ago did not have a middle class. Foreign capital enriches the nations they exist in. Before protectionism, and anti-foriegn capital went rampant, many countries including the US benefitted from foreign capital. The first rail road systems, etc, were built from British, and French capital. I approach things purely from a context of economics, not socialism. During a time, foreign capital was embraced, & countries invited foriegn capital. If foreign capital leaves because of hostile environment, or environment is not best for productivity, then who are you to say how resources should be allocated? A communist, a (national) socialist. Hem..Hem..
What are you blathering incoherently about? Hard to read but I think you are making an argument about FDI and PPP of consumers.
Your ignorance on economic history in the US is simply staggering:
- Go look at US tariffs in place from after the Civil War through WW1. They were generally high to very high and were a key staple of GOP politics for more than 60 years. Tariffs remained high after the Civil War to pay for the costs of the war and for Reconstruction. It was a staple of GOP policy reaching it zenith with McKinley and the Tariff Act of 1890. This was incredibly unpopular with consumers but even the Wilson-Gorman Tariff Act of 1894 left in elevated tariffs. Dingley Tariff Act promptly raised them and McKinley was a massive protectionist on a wide range of goods during his Presidency. Payne-Aldrich Tariff Act of 1909 lowered them slightly but still left in large tariffs & split the GOP party.
- Go look at the capital investment in most of the railroad trusts especially in the 1880s and onward. It wasn't mainly foreign capital by that point.
Please read books/look up things on the Internet instead of regurgitating generic economic points instead of the what really occured.
Chinese 'middle class' is really relative too. If you live outside of a major urban area, you are still not much better off than a substitence farmer under a Chinese dynasty hundreds of years ago. Still tied to the land and bearly eeking out a living with little/no access to education and healthcare. Even their children have almost no chance of getting placed into an elite university and ultimately escaping their parents' fate. In the process too, there is massive environmental degradation and all kinds of problems.
Chinese has experienced massive overall growth and standards of living over the past 20 years. What is really happening though is epic levels of theft on a scale on seen in human history.
What people though in the West fundamentally don't understand though is that the Chinese and especially about the Indians today is their viewpoints on life. Those at the top and even many in the 'middle class' (especially in India) simply think those at the bottom are expendable in relatively large numbers since there are so many damn people. In India, it is just worse because of the historical caste system, religious differences, and lack of a single dominant ethnic group (Han Chinese in China).
Always amazing to read about the sheer amount of dopes on here you blindly rail against unions and praise general vagaries of capitalism. Not remotely how the world works and especially not how the current iteration of 'free-trade' works. What is fun is to call a PhD in economics who is an ardent 'free-trader' an idiot because the term is largely baloney since no such things as free trade remotely exists today.
There is plenty wrong with unions and frankly the pension benefits especially at the local and state level are starting to slowly cannabalize budgets but the Anglo-American system of capitalism that has been practiced for the past 30+ years has been nothing short of a disaster for most Americans who generally are worse off than they were 20-25 years ago. UK is in huge trouble and the only reason the US isn't in the same boat is because it enjoys several advantages including more natural resources, greater agricultural capabilities, reserve currency status, and a military that while it can't win wars anymore can destroy infrastructure globally on a scale & project power which no other country can remotely rival today.
so paraphrasing: "you people are stupid and lazy and I will use other people to make them and ugh... you will by them from me right?"
interesting
he must have French ancestory - rude and arogant and yet wants your patronage
i must admit i am confused
That CEO will find out that his tires won't ever meet French standards for anything - which is the best response to Titan's arrogance.
(That said, Titan sure hates workers having actual things like freedom given their choice of Third World hellholes.)
This is getting too silly. Funny how so many on ZH just love assholes like this CEO, then complain when they lose their jobs to the slaves of China. I guess the Race to the Bottom is a wonderful thing if it gives them a chance to bash the West's living standards, and especially France, until some day they realise of course that they are next, sooner or later, no matter their trade. Because you can't compete for long with slaves, even if the Plutocracy just keeps telling you that if only you didn't expect a living wage, or benefits, or some free time to enjoy with your family or to spend learning and improving, or even, god forbid retiring before you die, that then all would be just fine.
However, in this particular case there is a fact this asshole CEO doesn't get - or chooses to ignore:
"As the leaked letter drew outrage in France, Montebourg penned a scathing response, spelling out the reasons why France routinely ranks as a leading destination for companies to invest, beating China and India in mid-2012.
"Can I remind you that Titan, the business you run, is 20 times smaller than Michelin, the French (tire) technology leader with international influence, and 35 times less profitable," Montebourg wrote, in a two-page letter in French."
Yeah. Facts are a bitch, aren't they.
So the Michelin workers will strike when they see how profitable their company supposedly is and demand a bigger cut of the pie.