Our 6 ‘Best Buys Now’ Shares The Aston Martin share price: will it be a 2021 winner? See all posts by Alan Oscroft Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Aston Martin I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Lawrence Stroll has been in the news this week, outlining his lofty visions for the future of Aston Martin Lagonda (LSE: AML). As the famous British marque is about to adorn its first Formula 1 car in more than 60 years, I’m pondering what this might all mean for the Aston Martin share price.The Canadian billionaire made his fortune in the luxury brands business. And now he says he wants to build “the strongest profile of any luxury automotive brand” for Aston Martin. When you’re in a world that includes Ferrari, that’s not a trivial task.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The recent past has most certainly not been glorious. After initial public offering (IPO) in October 2018, the AML share price promptly went on a slide. It had dropped 95% by May 2020. And that makes me think of the seven times Aston Martin has gone bust in its 108-year history.Aston Martin share price recovering slowlySince then, Stroll has stepped in with his backing investors and taken over the reins of the company. It’s a slimmed down operation now, and the cash haemorrhage has been reduced to a relative trickle. And the shares have put in something of a recovery. Since that low point, they’ve trebled in value. To put that into perspective, mind, we’re still looking at an 82% fall since the IPO.I join many investors in thinking that an IPO is a bad time to invest in a company, and Aston Martin could be the poster child for what can go wrong.Full-year results released on 25 February gave the Aston Martin share price a brief boost on the day, but that quickly fell back.Results for 2020 were in line with expectations, the new management team appears to be firmly embedded in place and backed by its new investor funding. The DBX model launch seems to have gone well too, with 1,516 sold into the wholesale market by the end of the year. That’s not quite the same as would-be grand prix champions actually driving them on the roads, but I think it is a satisfying sign of progress.A financial corner turned?On the financial front, Q4 perhaps saw something of a key point. Adjusted EBITDA turned positive, after revenue growth in the firm’s strongest quarter. But the bigger picture still makes me very uncertain about the AML share price. Total revenue for the year was still down, by 38%. And AML recorded a statutory operating loss of £323m. And net debt stands at £727m.Looking forward, I do have my concerns about the luxury car market and the growing movement to ban fossil fuel vehicles. I honestly don’t know much about battery-powered supercars. But I do fear that the market will face pressure as we approach the various carbon-based phase-out dates in the coming decade and beyond.Will Lawrence Stroll be able to turn Aston Martin into the Ferrari of the electric vehicle world? I just see too much uncertainty, coupled with my insufficient expertise, to consider buying. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK recommends the following options: long December 2021 $130 calls on Ferrari. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Alan Oscroft | Wednesday, 3rd March, 2021 | More on: AML “This Stock Could Be Like Buying Amazon in 1997”
“The tipping point has been reached in women’s sport and it’s hugely exciting. If I was a young girl getting into team sport now, I’d be so excited because of the platform of five quality team sports who’ve all been successful.”Follow Rugby World on Facebook, Twitter and Instagram. CAPTAIN FANTASTIC @saracenswomen skipper @lotteclapp slices through the Quins defence and scores Watch the #Premier15sFinal LIVE on @skysports or on https://t.co/CWGtvVEgYP pic.twitter.com/AP97isqtGd— Tyrrells Premier 15s (@Premier15s) April 29, 2018There’s no doubt the Premier 15s, a ten-team tournament set up this season and receiving £2.4m of investment from the RFU over three years, has helped develop greater strength in depth for the England national team, while the players are benefiting from better off-field support in terms of coaching, strength and conditioning, medical assistance and so on.While professional contracts are set to return for England’s 15-a-side players in the lead-up to the 2021 World Cup, it is still likely to be several years before players are paid at club level. It may well be that semi-pro deals are introduced first as the key will be to make such a financial commitment sustainable and at the moment the clubs don’t generate enough money to do that.Still, Wasps director of rugby Giselle Mather has been impressed by the rise in standards in the first season of the new league and points out that while 30 players may have benefited from pro deals last year ahead of the World Cup, the RFU’s investment is now benefiting 600 players across the clubs.Packed stand: The Harlequins and Saracens teams run out for the final (Getty Images)Mather, who is one of only three women to have the RFU’s Level 4 coaching qualification along with Susie Appleby and Jo Yapp, believes this is an exciting time for women’s team sport in the country.“With the success in hockey, netball, rugby, cricket and football, team sport for females is cool,” says Mather. “Female sport is good to watch – it’s different but it’s really competitive. And we’re bloody good at it in this country, with world champions and gold medallists all over the place. Tyrrells Premier 15s inspiring next generationGiven the energy she had just expended in the Tyrrells Premier 15s final, her succession of powerful carries ensuring Harlequins were far more competitive in the second half against Saracens, Shaunagh Brown may well have wanted to head to the changing rooms for a rest after the final whistle, especially as her efforts had ultimately been in vain.Instead the Harlequins flanker was happy to catch up with some of the 2,057 fans who had headed to Ealing Trailfinders’ ground on Sunday afternoon for the inaugural Premier 15s final, which Saracens won 24-20.One particularly telling moment came when a handful of Leek U15 players, who had been involved in a national final of their own earlier in the day, surrounded Brown and peppered her with questions. A few minutes later they walked away smiling, talking about how nice she was and clearly inspired by the conversation.Similar encounters happened around the touchline after the trophy presentation, players catching up with friends and family as well as those who had simply come to watch a game of rugby. All would have left feeling entertained for the match had plenty of drama and skill, and Quins’ second-half comeback meant the result was in the balance right until the end.Show of power: Shaunagh Brown tries to make ground against Saracens (Getty Images)Saracens prop Hannah Botterman, who was both a try-scorer and try creator in the final, summed it up well when she said: “To have this many people at a domestic women’s game is fantastic.”Her captain Lotte Clapp also crossed the whitewash, cutting a brilliant line to take a pass from Zoe Harrison and score under the posts, and the wing is hopeful that the women’s game will continue to make strides forward.“Lifting the trophy was the best feeling ever,” she said. “For the people who came to watch, hopefully we’ve got them excited and looking forward to next year, so it grows and grows. That’s what we want for women’s rugby.“The game brings so much to me, it gives me so much confidence. It’s a great sport to be involved in and we want more people playing it and enjoying it. It’s very special.” Inaugural winners: Saracens celebrate with the Premier 15s trophy (Getty Images) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS After Saracens’ success in the inaugural Tyrrells Premier 15s final, Rugby World reflects on the impact of the new women’s competition 27′ HAR 3 – 10 SAR
Ferrum House / Mark Merer + LandhouseSave this projectSaveFerrum House / Mark Merer + LandhouseSave this picture!© Louis PorterHouses•Bruton, United Kingdom ArchDaily Houses CopySave this picture!© Louis PorterRecommended ProductsPorcelain StonewareApavisaBetonPorcelain StonewareGrespaniaPorcelain Tiles – 20MMWoodBlumer LehmannFree Form Structures for Wood ProjectsText description provided by the architects. The design consists of a SIPs construction with Timber cladding on the ground floor and Corten steel cladding on the 1st and 2nd floors. Save this picture!© Louis PorterThe building sits alongside an old bacon factory which has been converted into flats. Corten steel was chosen to echo the industrial heritage of the site while sitting comfortably with the stone wall of the old factory on the east boundary of the site. Save this picture!© Louis PorterThe steel cube is set back from the road and sits on top of the chard timber clad ground floor which overall shape infill’s the site from west to east. This has the affect of the top 2 floors or the cube seeming as though it is perched on the timber base which is further enhanced by projecting the northern end of the building over the front entrance. Save this picture!First Floor PlanProject gallerySee allShow lessBass and Flinders Gateway Project Proposal / Spark ArchitectsUnbuilt ProjectImagine Our Digital Future and Join the Glass House Conversations’ Last Online Dialo…Architecture News Share Architects: Landhouse, Mark Merer Area Area of this architecture project Year: Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/393657/ferrum-house-mark-merer-landhouse Clipboard Ferrum House / Mark Merer + Landhouse Area: 211 m² Area: 211 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/393657/ferrum-house-mark-merer-landhouse Clipboard 2013 “COPY” 2013 Year: “COPY” photographs: Louis PorterPhotographs: Louis Porter+ 23 Share Photographs United Kingdom CopyAbout this officeMark MererOfficeFollowLandhouseOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBrutonHousesUnited KingdomPublished on June 30, 2013Cite: “Ferrum House / Mark Merer + Landhouse” 30 Jun 2013. ArchDaily. Accessed 11 Jun 2021.
TurkeyEurope – Central Asia Condemning abuses ImpunityFreedom of expressionExiled mediaJudicial harassment Five other journalists are currently facing possible jail terms under the TMK. One is Sibel Hürtaş, the Ankara correspondent of Arti TV, a critical TV channel, who is being prosecuted because she invited the pro-Kurdish parliamentarian Osman Baydemir on to her show and he used it to criticize Turkey’s military operations against the Afrin enclave in northern Syria. RSF_en Credit: Ozan KOSE / AFP Their crime was to have participated in a solidarity campaign in support of the beleaguered pro-Kurdish daily Özgür Gündem. They were acquitted on these charges in July 2019 but their acquittal was quashed last October. More than 20 journalists, writers and intellectuals who participated in this solidarity campaign have been convicted in the past four years. Most were given heavy fines. Some spent several months in prison. This was the case with Murat Çelikkan and Ayşe Düzkan, two journalists convicted of “PKK propaganda.” News The death toll from the conflict between the PKK and the Turkish authorities since 1984 is put at around 40,000. Alphan is one of the many journalists to be prosecuted under the TMK since it took effect in 1991. Under this law, journalists can end up in prison for writing an article, sharing a photo or posting a tweet that does no more than allude to the highly sensitive Kurdish issue, without ever having condoned the use of Kurdish separatist violence. The first victim will be Melis Alphan, a journalist specialising in covering conjugal violence, who will face a possible sentence of seven years and six months in prison for a single photo when she appears before an Istanbul court on 6 April. Turkey’s never-ending judicial persecution of former newspaper editor April 2, 2021 Journalists threatened with imprisonment under Turkey’s terrorism law The charge is due to the fact that in 2016 they published articles identifying the riot police officer suspected of firing the teargas grenade that killed a 16-year-old demonstrator, Berkin Elvan, during the anti-government protests in Istanbul’s Gezi Park in the spring of 2013. Elvan had become the symbol of the government’s ruthless crackdown and authoritarian excesses. Organisation Turkish journalist’s murder trial verdict “leaves bitter taste” A former columnist for the daily Hürriyet, she is charged under article 7 of the TMK with “propaganda for a terrorist organization” for publishing a photo of Newroz (Kurdish New Year) celebrations in the southeastern city of Diyarbakir in March 2015 in which the flags of the armed separatist Kurdistan Workers’ Party (PKK) could be seen. The Turkish government regards the PKK as a terrorist group. Human rights groups warns European leaders before Turkey summit News The other three journalists, Canan Coşkun, Ali Açar and Cansever Uğur, will appear in court in Istanbul on 8 June, when they will face up to three years in prison under article 6 of the TMK on a charge of “revealing or publishing the identity of state representatives involved in combatting terrorism and/or identifying them as targets.” to go further News Follow the news on Turkey The photo-journalist Abdurrahman Gök will appear on court in Diyarbakir on 3 June on charges of belonging to the PKK and “propagandising for the PKK” in his articles and tweets. Receive email alerts TurkeyEurope – Central Asia Condemning abuses ImpunityFreedom of expressionExiled mediaJudicial harassment Help by sharing this information April 28, 2021 Find out more RSF’s Turkey representative, Erol Önderoglu, is another of its victims. Along with Sebnem Korur Fincanci, a physician, and Ahmet Nesin, a journalist living in self-imposed exile, he has been charged for the past five years with “propaganda for a terrorist organization,” “praising a crime or criminal” and “inciting a crime.” All three are facing a possible sentence of 14 years and six months in prison in a trial before an Istanbul court that is due to start on 6 May. News Turkey is ranked 154th out of 180 countries in RSF’s 2020 World Press Freedom Index. April 2, 2021 Find out more At least ten journalists, including the Turkey representative of Reporters Without Borders (RSF), are due to appear in court during the next few weeks on charges under Turkey’s terrorism law, known as the TMK, which has been used for the past 20 years to intimidate and silence reporters and media that don’t toe the official line on the Kurdish issue. March 26, 2021 Find out more
center column 5 A Round of Premium Burgers, Please Since 2011, a new kind of premium burger joint has been making the rounds. We talk to Rounds Burgers’ Co-Founder George Ghaby, to get a taste of what it’s all about. FRANZ A.D. MORALES Published on Friday, July 19, 2013 | 11:46 am Name (required) Mail (required) (not be published) Website Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Burgers never get old. No matter how many burger joints there are in a city, you’ll be sure people will still flock to them, especially when their specialty is premium burgers.In 2011, brothers George and Charbel Ghaby founded Rounds Premium Burgers and successfully put a fun, new twist on classic American burger stands. With 4 current brick and mortar locations and one mobile food truck, Rounds offers something for everyone. In February, Rounds rolled into Pasadena and set up shop at 46 N. Lake Ave., just above Colorado Blvd.We asked co-owner George Ghaby about the price: quality ratio of their burgers.“Weâ€™re not reinventing the wheel here!â€ he said. â€œWe do have a burger that a lot of other people have. Brioche bun is now one of the top buns produced for higher-end burgers. The difference is our Classic Burger â€“ which has lettuce, onion, tomato, pickles and Thousand Island on a Brioche bun â€“ is $4.95. You donâ€™t get that price anywhere for that kind of quality. The meat is top quality, the bun is top quality, the produce is fresh every day.”Top quality burgers for the lowest price sounds like a good deal, but it gets better.Ghaby adds, “Our regular fries are $1.95. Our drink is $1.95. You put that together in a combo, you get a dollar discount so it becomes $7.90 plus tax for a burger, fries and drink.”Even the fries are of top quality, being fresh-cut everyday, and cooked twice to be “crispier and lighter.”Today, Ghaby expects diners to know quality when they see it.â€œPeople are more educated about food,â€ he says. â€œThey understand when you say fresh-cut fries. They recognize Brioche buns. They know what to expect when you say fresh meat. We donâ€™t have freezers, â€“ we donâ€™t have microwaves, we donâ€™t have heat lamps.”As for the Premium Burgers, “All we have are Premium Choices! From our ingredients to our buns, you will get the best quality. Also, if you want a healthier option, you have the choice of having your burger lettuce wrapped, or even over lettuce.”Rounds offers a curated line-up of ten tasty toppings to accompany their eight different burgers.There’s also this delicious concoction called, The Rounds’ Way, where vegetables are chopped and mixed with Thousand Island dressing, then slathered on top of the burger. Not to be missed.When it comes to the meat, “we have four different types to choose from: Fresh All-Natural Ground Beef, All-Natural Chicken Breast and our own special house made Turkey and Veggie patties.â€Notice the recurring homemade theme? Almost everything is hand-chopped, made, and mixed in-house at Rounds, and therein lies their uniqueness.Aside from burgers and fries, Rounds’ also serves eight kinds of craft beers at their Pasadena location, thereby separating it completely from other fast-food burger joints.With all other restaurants, Ghaby says they are always looking to evolve and add to the menu. “Next month, we are going to bring in a pretzel bun as a choice. We will have a monthly special. Weâ€™ll also be adding more specialty burgers to our menu. We want to keep working on getting new stuff.”And of course, aside from the great food and comfortable ambience, Rounds’ prides itself in the excellent service it provides to customers. “Anything you want, anytime you have a problem, come up to the cashier and theyâ€™ll fix it for you, no issues, no questions asked,” says Ghaby.Rounds’ Premium Burgers. A burger joint with a twist. The twist? They donâ€™t try to be pretentious. Just great food, excellent service and a great place at honest prices.To check out Rounds’ Premium Burgers’ complete menu and locations, visit http://www.roundsburgers.com or you can call (626) 304-9810 (Pasadena location). Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 9 recommended0 commentsShareShareTweetSharePin it Subscribe Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * More Cool Stuff Top of the News Community News First Heatwave Expected Next Week Community News Herbeauty6 Trends To Look Like An Eye-Candy And 6 To Forget AboutHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeauty Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News First Heatwave Expected Next Week Government Rep. Chu Celebrates Hispanic Heritage Month Published on Monday, September 15, 2014 | 2:31 pm Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News More Cool Stuff Subscribe In honor of Hispanic Heritage Month, which runs from September 15 â€“ October 15, Rep. Judy Chu (CA-27) released the following statement:â€œSince the earliest days of our nation, Latinos have been an essential part of our economic and cultural way of life. Tens of thousands of Latino men and women are serving in uniform and our economy is recovering thanks in large part to the millions of small business started and run by Latino entrepreneurs. All of America is enriched as Latinos are rising to new levels of leadership and prominence in arts, industry, sports, and politics,â€ said Rep. Chu.â€œBut at the same time, many Latino immigrants seeking to contribute are left in the shadows because of House Republican Leadershipâ€™s refusal to allow a vote on immigration reform. Failure to fix the broken immigration system that daily separates families hurts our communities and our economy. As we celebrate the many contributions of Latinos this month, we must also continue to speak out, work to shift the power, and make sure our policies reflect the needs of an increasingly diverse society.â€ HerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeauty Top of the News 3 recommended0 commentsShareShareTweetSharePin it Your email address will not be published. Required fields are marked * Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News Name (required) Mail (required) (not be published) Website
Twitter Previous articleLetterkenny council officials called to crack down on rogue tradersNext articleJudge frustrated at hold up in South Donegal sex case trials News Highland Facebook Further drop in people receiving PUP in Donegal Gardai continue to investigate Kilmacrennan fire By News Highland – December 16, 2009 75 positive cases of Covid confirmed in North Google+ Google+ Facebook Pinterest 365 additional cases of Covid-19 in Republic Pinterest Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Man arrested on suspicion of drugs and criminal property offences in Derry EU fishery talks have ended in Brussels with fishing groups expressing qualified satisfaction over the result.The issue dominating the meeting from an Donegal perspective was the fallout for mackerel fisheries following the break down of the EU Norway talks last week.The European Commission was initially recommending a 50% cut in the mackerel quota but instead is has been raised to 65% of this year’s quota for Ireland, on the basis of further talks with Norway in January. RELATED ARTICLESMORE FROM AUTHOR WhatsApp Some compromise for Donegal fishermen in EU talks News WhatsApp
Morethan a third of HR directors are unhappy with the quality of their employees,according to research.TheNational Human Resources Directors Survey 2000 reveals that 35 per cent of HRdirectors would re-hire less than 50 per cent of their employees if they couldchange all their staff. However,25 per cent of HR directors would recruit 75 to 100 per cent of theirworkforce, an improvement on last year. MargotKatz, general manager of recruitment and training consultancy DDI, whichcarried out the survey, said the figures reflect the tight labour market andthe skills shortage, particularly in IT.Shesaid, “People say that hiring the right people is so important, but at the sametime employers are under huge pressure to take people on to fill a job, andthen quickly discover they have employed the wrong person.”Thesurvey of 80 leading organisations in the UK also shows that 97 per cent ofrespondents identified connecting HR’s relevance to core business issues as oneof the main opportunities for the profession over the next five years.Asimilar proportion highlights the growth of HR’s internal consulting role asbeing equally important.Thestudy shows that 88 per cent of HR directors think hiring the right people isthe most important issue for employers, followed closely by motivating andretaining the right people at 86 per cent.DDIfound that average staff turnover had risen to 19 per cent in 2000, up 5 percent on 1999.www.ddiworld.comByBen Willmott Third of directors would not re-hire current staffOn 3 Apr 2001 in Personnel Today Previous Article Next Article Related posts:No related photos. Comments are closed.
Related posts:No related photos. Previous Article Next Article M&S wins right to push through cutsOn 25 Sep 2001 in Personnel Today Comments are closed. A court decision in France will give employers more confidence makingredundancies across Europe. Marks & Spencer welcomed the ruling against three French unions lastweek that had challenged the legal validity of its European works council. Thecouncil will now administer staff consultation on the closures. Diane Anderson who is head of personnel for international retail at M&S,said, “We fully believe our European works council is valid – it’s beenrunning since 1995 – and we’re glad that a judge confirmed this. It provides animportant forum for our European staff.” M&S is now going ahead with plans to sell the 18 stores, which employed1,600 staff. Anderson said, “The HR team has been fully involved in our workscouncil and played a key role in discussions with staff. We’ve continued ourprocess of consultation through the whole period.” In the past, UK companies were reluctant to restructure because of thethreat of legal action involving complex labour laws on the Continent,explained European HR consultant Peter Reid. He believes the case will set aprecedent for other employers. Reid said, “It’s extremely good news because it finally clears up theissue of what constitutes a valid agreement. The fact that a French court hasvalidated the M&S works council will be key.” He added, “It finally confirms that just because consultation law inEurope is tough it doesn’t make it impossible. Companies can restructure aslong as they follow correct procedures.” A further case later this year will decide whether M&S announced orproposed the store closures and whether it consulted staff properly underFrench law. Three store managers could face a custodial sentence or fines up toFFr25,000 (£2,404) if found guilty. By Ross Wigham