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Air France Shares Drop Sharply As Strikes Continue

Former CEO Jean-Marc Janaillac gambled on workers accepting a pay rise of 7% over four years. They did not.

Air France shares dropped 14% today following their CEO's resignation on Friday. After 2 weeks of strikes, Jean-Marc Janaillac gambled on workers accepting a pay rise of 7% over four years. They did not. Tomasz Michalski of HEC Business School in Paris tells us what the unions want and we get the thoughts of aviation analyst John Strickland. Nestle has agreed a $7.15bn deal with Starbucks to sell its coffee products. Brian Blackstone, Swiss Bureau Chief of the Wall Street Journal, tells us what the deal means for the companies and coffee drinkers. Also, we speak to UN deputy special representative in Somalia Peter De Clerk. He is at a conference aimed at stopping illegal trade in charcoal, which has environmental consequences and funds militant group Al Shabab in the region. And the expansion on wine production in Chile. Jane Chambers explores the vineyards of the Atacama desert and the Andes mountains.

(Photo: Air France planes parked on the tarmac of Charles de Gaulle Airport outside Paris. Credit: Getty Images.)

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27 minutes

Last on

Mon 7 May 2018 14:32GMT

Broadcast

  • Mon 7 May 2018 14:32GMT