"The French corporation Veolia once appeared unassailable; today it is ailing. It is faced not only with the global economic crisis but also the growing impact of theboycott, divestment and sanctions (BDS) campaign against its involvement with Israeli apartheid infrastructure and transport projects. A recent merger between Veolia’s transport division and a subsidiary of the main French state investment fund indicates French industry and government have united to find a simple solution to Veolia’s problems: let the taxpayers finance Veolia’s income losses — and its complicity with Israeli war crimes and human rights abuses against the Palestinian people.
On 4 August, Veolia management held a conference call with major financial analysts to defend the company’s latest figures. It wasn’t an easy task. Veolia’s management was forced to gloss over the terrible financial situation of the group that has forced it to draw up sharp cost reduction plans, initiate a complete restructuring of management, plan the pullout from more than forty countries and search for more investors to cover a high debt."
Read more
No comments:
Post a Comment