CAUGHT ON TAPE: FURIOUS FRENCH WORKERS ATTACK AIR FRANCE EXECUTIVES, RIP THEIR CLOTHES OFF | WHAT REALLY HAPPENED

CAUGHT ON TAPE: FURIOUS FRENCH WORKERS ATTACK AIR FRANCE EXECUTIVES, RIP THEIR CLOTHES OFF

Earlier today amid the general gloom of Europe's sliding non-manufacturing PMIs, the one place that stood out like a sore thumb bucking the deteriorating trend, was France which not only posted an increase from August but also beat expectations.

We strongly doubt this metric has any basis in reality because among numerous other contrary-specific factors, Bloomberg reported that as part of Air France’s long-running spat with workers over cost cuts, violence erupted earlier today as protesters stormed a meeting where managers were presenting plans for 2,900 jobs cuts, causing executives to flee with their clothes in tatters.

According to the report, human resources chief Xavier Broseta and Pierre Plissonnier, the head of long-haul flights, scaled an eight-foot high fence to escape, shielded by security guards, with Broseta emerging shirtless and Plissonnier with his suit shredded.

Casting some serious doubt on the service PMI "recovery" is that the attacks happened Monday as Air France told its works council that after the failure of productivity talks with pilots last week some 300 cockpit crew, 900 flight attendants and 1,700 ground staff might have to go. The cuts could include the first forced dismissals since the 1990s, according to the carrier, which subsequently postponed the meeting.

The company, unhappy with the terrible publicity that the photos and video clips presented below will unveil about the corporate culture at Air France, promptly tried to downplay the incident, saying in a statement that "these attacks were made by isolated and particularly violent individuals as the demonstration by personnel on strike was going on calmly," adding that a complaint had been filed for aggravated violence. We expect many more complains will be filed before the latest surge in anger at the upcoming layoffs dissipates.

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